PIMCO Dynamic Income Fund (NYSE:PDI) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Shares of PIMCO Dynamic Income Fund (NYSE:PDI) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $19.01 and traded as high as $19.63. PIMCO Dynamic Income Fund shares last traded at $19.56, with a volume of 1,632,761 shares trading hands.

PIMCO Dynamic Income Fund Stock Down 0.2 %

The company has a fifty day moving average of $19.01 and a 200-day moving average of $19.31.

PIMCO Dynamic Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be issued a $0.2205 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $2.65 annualized dividend and a dividend yield of 13.53%.

Institutional Investors Weigh In On PIMCO Dynamic Income Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of PIMCO Dynamic Income Fund by 61.1% in the 4th quarter. Blue Trust Inc. now owns 1,584 shares of the company’s stock valued at $32,000 after buying an additional 601 shares during the period. ST Germain D J Co. Inc. purchased a new stake in PIMCO Dynamic Income Fund during the 4th quarter worth about $37,000. Sunbelt Securities Inc. increased its holdings in PIMCO Dynamic Income Fund by 50.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,400 shares of the company’s stock worth $49,000 after purchasing an additional 800 shares during the period. Anfield Capital Management LLC purchased a new stake in PIMCO Dynamic Income Fund during the 4th quarter worth about $56,000. Finally, US Bancorp DE increased its holdings in PIMCO Dynamic Income Fund by 53.5% during the 3rd quarter. US Bancorp DE now owns 3,682 shares of the company’s stock worth $75,000 after purchasing an additional 1,283 shares during the period.

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.