PIMCO Dynamic Income Fund (NYSE:PDI) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of PIMCO Dynamic Income Fund (NYSE:PDI) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $19.03 and traded as high as $19.25. PIMCO Dynamic Income Fund shares last traded at $19.24, with a volume of 1,598,400 shares.

PIMCO Dynamic Income Fund Trading Up 0.1%

The business’s fifty day moving average is $19.03 and its 200 day moving average is $19.05.

PIMCO Dynamic Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be given a dividend of $0.2205 per share. The ex-dividend date is Monday, August 11th. This represents a c) dividend on an annualized basis and a yield of 13.8%.

Hedge Funds Weigh In On PIMCO Dynamic Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cary Street Partners Financial LLC acquired a new position in PIMCO Dynamic Income Fund during the fourth quarter worth about $670,000. Bank of America Corp DE raised its position in shares of PIMCO Dynamic Income Fund by 8.4% in the fourth quarter. Bank of America Corp DE now owns 2,835,670 shares of the company’s stock valued at $52,006,000 after buying an additional 220,794 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of PIMCO Dynamic Income Fund by 82.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 37,425 shares of the company’s stock valued at $686,000 after buying an additional 16,857 shares during the last quarter. Jane Street Group LLC raised its position in shares of PIMCO Dynamic Income Fund by 122.7% in the fourth quarter. Jane Street Group LLC now owns 70,652 shares of the company’s stock valued at $1,296,000 after buying an additional 38,923 shares during the last quarter. Finally, Triumph Capital Management raised its position in shares of PIMCO Dynamic Income Fund by 89.5% in the fourth quarter. Triumph Capital Management now owns 44,351 shares of the company’s stock valued at $813,000 after buying an additional 20,949 shares during the last quarter.

About PIMCO Dynamic Income Fund

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.