PIMCO Dynamic Income Fund (NYSE:PDI) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

PIMCO Dynamic Income Fund (NYSE:PDI)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $18.99 and traded as low as $18.53. PIMCO Dynamic Income Fund shares last traded at $18.75, with a volume of 2,143,614 shares traded.

PIMCO Dynamic Income Fund Trading Down 0.5 %

The business’s 50-day simple moving average is $18.99 and its 200-day simple moving average is $19.12.

PIMCO Dynamic Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be paid a $0.2205 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $2.65 dividend on an annualized basis and a yield of 14.11%.

Institutional Trading of PIMCO Dynamic Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in PDI. TPG Advisors LLC lifted its stake in PIMCO Dynamic Income Fund by 4.9% in the fourth quarter. TPG Advisors LLC now owns 11,474 shares of the company’s stock valued at $210,000 after buying an additional 535 shares during the period. Blue Trust Inc. increased its stake 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 acquiring an additional 601 shares during the last quarter. Key Client Fiduciary Advisors LLC raised its position in shares of PIMCO Dynamic Income Fund by 2.0% in the 1st quarter. Key Client Fiduciary Advisors LLC now owns 32,392 shares of the company’s stock valued at $641,000 after acquiring an additional 640 shares during the period. Capital CS Group LLC boosted its stake in PIMCO Dynamic Income Fund by 3.5% during the 1st quarter. Capital CS Group LLC now owns 19,388 shares of the company’s stock worth $384,000 after acquiring an additional 654 shares during the last quarter. Finally, Lido Advisors LLC grew its holdings in PIMCO Dynamic Income Fund by 1.8% during the fourth quarter. Lido Advisors LLC now owns 43,702 shares of the company’s stock valued at $811,000 after purchasing an additional 762 shares during the period.

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.