PIMCO Dynamic Income Fund (NYSE:PDI) Stock Passes Below 50-Day Moving Average of $19.16

PIMCO Dynamic Income Fund (NYSE:PDI)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $19.16 and traded as low as $18.55. PIMCO Dynamic Income Fund shares last traded at $18.60, with a volume of 1,100,759 shares traded.

PIMCO Dynamic Income Fund Stock Performance

The company’s 50 day moving average is $19.16 and its 200 day moving average is $18.21.

PIMCO Dynamic Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, April 11th will be paid a dividend of $0.2205 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $2.65 annualized dividend and a yield of 14.23%.

Institutional Investors Weigh In On PIMCO Dynamic Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. AlphaMark Advisors LLC increased its stake in PIMCO Dynamic Income Fund by 111.9% in the third quarter. AlphaMark Advisors LLC now owns 1,426 shares of the company’s stock valued at $25,000 after purchasing an additional 753 shares during the period. Mather Group LLC. acquired a new position in PIMCO Dynamic Income Fund in the first quarter valued at $26,000. PSI Advisors LLC increased its stake in PIMCO Dynamic Income Fund by 676.8% in the fourth quarter. PSI Advisors LLC now owns 1,608 shares of the company’s stock valued at $29,000 after purchasing an additional 1,401 shares during the period. Clear Street Markets LLC acquired a new position in PIMCO Dynamic Income Fund in the fourth quarter valued at $30,000. Finally, Bessemer Group Inc. acquired a new position in PIMCO Dynamic Income Fund in the fourth quarter valued at $32,000.

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.