PIMCO Dynamic Income Fund (NYSE:PDI) Stock Passes Below 50 Day Moving Average – Here’s What Happened

PIMCO Dynamic Income Fund (NYSE:PDI) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $18.81 and traded as low as $17.96. PIMCO Dynamic Income Fund shares last traded at $17.9950, with a volume of 1,864,371 shares trading hands.

PIMCO Dynamic Income Fund Price Performance

The firm has a 50 day moving average of $18.77 and a 200-day moving average of $19.00.

PIMCO Dynamic Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $0.2205 per share. This represents a c) annualized dividend and a dividend yield of 14.7%. The ex-dividend date of this dividend is Friday, November 14th.

Institutional Investors Weigh In On PIMCO Dynamic Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of PDI. CWM LLC increased its holdings in PIMCO Dynamic Income Fund by 0.5% in the 3rd quarter. CWM LLC now owns 95,632 shares of the company’s stock valued at $1,894,000 after buying an additional 516 shares during the period. Gill Capital Partners LLC increased its stake in PIMCO Dynamic Income Fund by 0.3% in the second quarter. Gill Capital Partners LLC now owns 165,193 shares of the company’s stock valued at $3,134,000 after acquiring an additional 542 shares during the last quarter. Sage Capital Advisors llc raised its position in PIMCO Dynamic Income Fund by 2.3% during the third quarter. Sage Capital Advisors llc now owns 24,354 shares of the company’s stock valued at $482,000 after purchasing an additional 546 shares in the last quarter. Mezzasalma Advisors LLC raised its position in PIMCO Dynamic Income Fund by 3.5% during the second quarter. Mezzasalma Advisors LLC now owns 16,171 shares of the company’s stock valued at $307,000 after purchasing an additional 547 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in PIMCO Dynamic Income Fund by 5.1% during the second quarter. Arkadios Wealth Advisors now owns 11,427 shares of the company’s stock worth $217,000 after purchasing an additional 555 shares during the last quarter.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund is a close ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in multiple fixed-income sectors, including non-agency residential and commercial mortgage-backed securities and below investment-grade securities.