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

PIMCO Dynamic Income Fund (NYSE:PDI) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $16.63 and traded as low as $16.26. PIMCO Dynamic Income Fund shares last traded at $16.3150, with a volume of 1,935,120 shares changing hands.

PIMCO Dynamic Income Fund Stock Down 0.8%

The company’s 50 day simple moving average is $16.63 and its 200 day simple moving average is $17.42.

PIMCO Dynamic Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Monday, July 13th will be issued a $0.2205 dividend. The ex-dividend date of this dividend is Monday, July 13th. This represents a c) annualized dividend and a dividend yield of 16.2%.

Institutional Trading of PIMCO Dynamic Income Fund

A number of large investors have recently made changes to their positions in the company. MRA Advisory Group increased its position in shares of PIMCO Dynamic Income Fund by 27.0% during the 4th quarter. MRA Advisory Group now owns 91,868 shares of the company’s stock worth $1,627,000 after purchasing an additional 19,505 shares during the last quarter. HF Advisory Group LLC raised its stake in shares of PIMCO Dynamic Income Fund by 24.3% during the 4th quarter. HF Advisory Group LLC now owns 69,430 shares of the company’s stock worth $1,230,000 after purchasing an additional 13,554 shares in the last quarter. Lewis Asset Management LLC boosted its holdings in shares of PIMCO Dynamic Income Fund by 6.1% in the 4th quarter. Lewis Asset Management LLC now owns 45,308 shares of the company’s stock valued at $802,000 after buying an additional 2,609 shares during the last quarter. TrueMark Investments LLC acquired a new stake in shares of PIMCO Dynamic Income Fund in the 4th quarter valued at approximately $840,000. Finally, Spire Wealth Management boosted its holdings in shares of PIMCO Dynamic Income Fund by 5.5% in the 4th quarter. Spire Wealth Management now owns 14,299 shares of the company’s stock valued at $253,000 after buying an additional 750 shares during the last quarter.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund (NYSE: PDI) is a closed-end management investment company advised by Pacific Investment Management Company LLC (“PIMCO”), one of the world’s largest fixed-income asset managers. Listed on the New York Stock Exchange, PDI seeks to deliver attractive monthly income and capital appreciation by allocating across a broad array of global fixed-income markets.

The fund employs a dynamic, multi-sector approach, investing in a diversified mix of investment-grade and high-yield corporate bonds, bank loans, emerging-market debt, mortgage- and asset-backed securities, and U.S.