PIMCO Access Income Fund (NYSE:PAXS) Trading 1.2% Higher

Shares of PIMCO Access Income Fund (NYSE:PAXS) were up 1.2% during trading on Wednesday . The company traded as high as $15.64 and last traded at $15.63. Approximately 100,560 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 185,998 shares. The stock had previously closed at $15.44.

PIMCO Access Income Fund Stock Up 1.2 %

The company has a fifty day moving average of $15.16 and a 200 day moving average of $14.35.

PIMCO Access Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 11th will be given a dividend of $0.1494 per share. This represents a $1.79 dividend on an annualized basis and a dividend yield of 11.47%. The ex-dividend date is Friday, March 8th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Creekmur Asset Management LLC bought a new position in PIMCO Access Income Fund in the 4th quarter worth $27,000. Advisory Services Network LLC lifted its position in shares of PIMCO Access Income Fund by 27.2% in the first quarter. Advisory Services Network LLC now owns 5,984 shares of the company’s stock valued at $89,000 after acquiring an additional 1,279 shares in the last quarter. Belpointe Asset Management LLC bought a new position in shares of PIMCO Access Income Fund in the fourth quarter worth about $147,000. Azimuth Capital Investment Management LLC purchased a new stake in shares of PIMCO Access Income Fund during the second quarter worth about $148,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in PIMCO Access Income Fund during the 4th quarter valued at approximately $166,000.

About PIMCO Access Income Fund

PIMCO Access Income Fund is close-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in fixed income markets of global region. The fund primarily invests in corporate debt, mortgage-related and other asset-backed instruments, government and sovereign debt, taxable municipal bonds, floating-rate income-producing securities with varying maturities.