PIMCO Access Income Fund (NYSE:PAXS) Trading Up 1.1% – Still a Buy?

Shares of PIMCO Access Income Fund (NYSE:PAXS) rose 1.1% during mid-day trading on Wednesday . The company traded as high as $14.24 and last traded at $14.1740. Approximately 198,726 shares were traded during trading, a decline of 21% from the average daily volume of 251,983 shares. The stock had previously closed at $14.02.

PIMCO Access Income Fund Stock Down 1.2%

The company has a 50 day simple moving average of $15.36 and a 200-day simple moving average of $15.69.

PIMCO Access Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Thursday, March 12th will be given a $0.1494 dividend. This represents a c) dividend on an annualized basis and a yield of 13.0%. The ex-dividend date of this dividend is Thursday, March 12th.

Institutional Investors Weigh In On PIMCO Access Income Fund

Institutional investors have recently bought and sold shares of the company. Choreo LLC raised its holdings in shares of PIMCO Access Income Fund by 13.7% in the fourth quarter. Choreo LLC now owns 72,158 shares of the company’s stock valued at $1,113,000 after purchasing an additional 8,691 shares during the last quarter. Alexander Labrunerie & CO. Inc. lifted its position in PIMCO Access Income Fund by 26.5% during the 3rd quarter. Alexander Labrunerie & CO. Inc. now owns 13,284 shares of the company’s stock worth $216,000 after buying an additional 2,784 shares in the last quarter. LifePlan Investment Advisors Inc. bought a new stake in PIMCO Access Income Fund during the 3rd quarter worth about $163,000. Consolidated Portfolio Review Corp grew its holdings in shares of PIMCO Access Income Fund by 22.0% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 185,551 shares of the company’s stock valued at $3,019,000 after acquiring an additional 33,521 shares in the last quarter. Finally, Smith Moore & CO. increased its position in shares of PIMCO Access Income Fund by 7.2% in the third quarter. Smith Moore & CO. now owns 126,706 shares of the company’s stock valued at $2,062,000 after acquiring an additional 8,510 shares during the last quarter.

About PIMCO Access Income Fund

The PIMCO Access Income Fund (NYSE:PAXS) is an actively managed, closed-end management investment company sponsored by Pacific Investment Management Company LLC (“PIMCO”). The fund seeks to provide current income, with a secondary objective of capital appreciation, by investing primarily in a diversified portfolio of global fixed income and income-related securities.

PAXS employs a broad credit strategy that spans corporate debt, structured finance instruments and emerging market debt.