PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Stock Price Passes Below Fifty Day Moving Average – Should You Sell?

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.57 and traded as low as $8.31. PIMCO Global StocksPLUS & Income Fund shares last traded at $8.38, with a volume of 23,530 shares trading hands.

PIMCO Global StocksPLUS & Income Fund Stock Down 0.6%

The company has a fifty day moving average price of $8.57 and a 200-day moving average price of $8.35.

PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a $0.069 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 9.9%.

Hedge Funds Weigh In On PIMCO Global StocksPLUS & Income Fund

Several institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers lifted its stake in shares of PIMCO Global StocksPLUS & Income Fund by 40.0% in the 1st quarter. Cetera Investment Advisers now owns 18,178 shares of the company’s stock valued at $147,000 after purchasing an additional 5,192 shares during the period. LPL Financial LLC increased its holdings in PIMCO Global StocksPLUS & Income Fund by 3.4% in the first quarter. LPL Financial LLC now owns 159,660 shares of the company’s stock valued at $1,293,000 after buying an additional 5,288 shares in the last quarter. Shaker Financial Services LLC raised its position in shares of PIMCO Global StocksPLUS & Income Fund by 99.2% in the first quarter. Shaker Financial Services LLC now owns 187,947 shares of the company’s stock worth $1,537,000 after acquiring an additional 93,574 shares during the period. MAS Advisors LLC boosted its stake in shares of PIMCO Global StocksPLUS & Income Fund by 38.0% during the 1st quarter. MAS Advisors LLC now owns 41,090 shares of the company’s stock worth $333,000 after acquiring an additional 11,323 shares in the last quarter. Finally, Institute for Wealth Management LLC. grew its position in shares of PIMCO Global StocksPLUS & Income Fund by 22.1% during the 2nd quarter. Institute for Wealth Management LLC. now owns 32,719 shares of the company’s stock valued at $271,000 after acquiring an additional 5,931 shares during the period.

PIMCO Global StocksPLUS & Income Fund Company Profile

PIMCO Global Stocksplus & Income Fund is a closed ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income and public equity markets across the globe. The fund uses a long/short strategy to invest in securities by using financial derivatives such as options.