PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Shares Pass Below 50-Day Moving Average – Time to Sell?

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $8.76 and traded as low as $8.61. PIMCO Global StocksPLUS & Income Fund shares last traded at $8.6450, with a volume of 26,734 shares changing hands.

PIMCO Global StocksPLUS & Income Fund Price Performance

The stock has a 50-day simple moving average of $8.76 and a 200-day simple moving average of $8.90.

PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be given a $0.069 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend is Monday, May 11th.

Hedge Funds Weigh In On PIMCO Global StocksPLUS & Income Fund

A number of institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers increased its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 7.3% in the 2nd quarter. Cetera Investment Advisers now owns 19,503 shares of the company’s stock valued at $162,000 after acquiring an additional 1,325 shares during the last quarter. 49 Wealth Management LLC bought a new stake in shares of PIMCO Global StocksPLUS & Income Fund in the 3rd quarter valued at approximately $107,000. Shaker Financial Services LLC increased its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 81.7% in the 4th quarter. Shaker Financial Services LLC now owns 113,811 shares of the company’s stock valued at $1,044,000 after acquiring an additional 51,186 shares during the last quarter. LPL Financial LLC increased its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 9.0% in the 4th quarter. LPL Financial LLC now owns 177,391 shares of the company’s stock valued at $1,620,000 after acquiring an additional 14,627 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 88.1% in the 4th quarter. Kestra Advisory Services LLC now owns 89,886 shares of the company’s stock valued at $821,000 after acquiring an additional 42,097 shares during the last quarter.

About PIMCO Global StocksPLUS & Income Fund

The PIMCO Global StocksPLUS & Income Fund (NYSE: PGP) is a diversified, closed-end management investment company that seeks to deliver a high level of current income plus capital appreciation. The fund invests primarily in a global mix of common stocks, convertible securities, fixed-income instruments, currencies and derivative instruments, providing investors with broad exposure to both equity and credit markets around the world.

To achieve its objectives, PGP combines traditional security selection with an overlay strategy that employs equity futures and currency forwards.