PIMCO Dynamic Income Fund (NYSE:PDI) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

PIMCO Dynamic Income Fund (NYSE:PDI)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $19.01 and traded as high as $19.63. PIMCO Dynamic Income Fund shares last traded at $19.56, with a volume of 1,632,761 shares changing hands.

PIMCO Dynamic Income Fund Trading Down 0.2 %

The business’s fifty day moving average price is $19.01 and its 200-day moving average price is $19.31.

PIMCO Dynamic Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.2205 per share. This represents a $2.65 annualized dividend and a yield of 13.53%. The ex-dividend date of this dividend is Thursday, February 13th.

Hedge Funds Weigh In On PIMCO Dynamic Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Kingstone Capital Partners Texas LLC bought a new stake in PIMCO Dynamic Income Fund in the 4th quarter worth approximately $187,000. Retirement Planning Group LLC NY purchased a new position in shares of PIMCO Dynamic Income Fund during the fourth quarter worth approximately $3,428,000. Cornerstone Advisory LLC lifted its holdings in shares of PIMCO Dynamic Income Fund by 6.7% in the 4th quarter. Cornerstone Advisory LLC now owns 578,611 shares of the company’s stock worth $11,283,000 after acquiring an additional 36,247 shares during the last quarter. Novem Group bought a new stake in shares of PIMCO Dynamic Income Fund in the 4th quarter worth approximately $1,301,000. Finally, Elequin Capital LP purchased a new stake in shares of PIMCO Dynamic Income Fund in the 4th quarter valued at $213,000.

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.