PIMCO Access Income Fund (NYSE:PAXS) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

PIMCO Access Income Fund (NYSE:PAXS) crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $13.32 and traded as high as $13.72. PIMCO Access Income Fund shares last traded at $13.69, with a volume of 483,084 shares.

PIMCO Access Income Fund Stock Performance

The firm’s fifty day moving average price is $13.32 and its 200-day moving average price is $14.29.

PIMCO Access Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be paid a $0.1494 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.79 annualized dividend and a dividend yield of 13.1%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in PIMCO Access Income Fund by 12.5% during the 1st quarter. Royal Bank of Canada now owns 1,152,845 shares of the company’s stock worth $16,612,000 after purchasing an additional 127,806 shares during the last quarter. Rivernorth Capital Management LLC bought a new position in shares of PIMCO Access Income Fund in the first quarter valued at $1,362,000. Independent Financial Group LLC bought a new position in PIMCO Access Income Fund in the 1st quarter valued at about $411,000. Bank of America Corp DE lifted its holdings in shares of PIMCO Access Income Fund by 6.2% in the first quarter. Bank of America Corp DE now owns 421,321 shares of the company’s stock valued at $6,071,000 after purchasing an additional 24,721 shares in the last quarter. Finally, Noble Wealth Management PBC boosted its holdings in PIMCO Access Income Fund by 16.9% during the 3rd quarter. Noble Wealth Management PBC now owns 147,286 shares of the company’s stock worth $1,949,000 after acquiring an additional 21,319 shares during the last quarter.

About PIMCO Access Income Fund

PIMCO Access Income Fund is a closed-end management investment company that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The fund invests in a portfolio of income-producing securities and is managed by Pacific Investment Management Company LLC (PIMCO), a global investment manager.

Its investments may include corporate debt, mortgage- and asset-backed securities, and other fixed-income instruments. The fund can invest in securities from U.S.