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

Shares of PIMCO Dynamic Income Fund (NYSE:PDI) crossed 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 Up 0.1 %

The firm’s 50-day moving average price is $19.16 and its 200-day moving average price is $18.21.

PIMCO Dynamic Income Fund Announces Dividend

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

Institutional Investors Weigh In On PIMCO Dynamic Income Fund

Several large investors have recently made changes to their positions in PDI. AlphaMark Advisors LLC increased its position in shares of PIMCO Dynamic Income Fund by 111.9% in the third quarter. AlphaMark Advisors LLC now owns 1,426 shares of the company’s stock worth $25,000 after acquiring an additional 753 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of PIMCO Dynamic Income Fund in the first quarter worth $26,000. PSI Advisors LLC increased its position in shares of PIMCO Dynamic Income Fund by 676.8% in the fourth quarter. PSI Advisors LLC now owns 1,608 shares of the company’s stock worth $29,000 after acquiring an additional 1,401 shares in the last quarter. Clear Street Markets LLC acquired a new stake in shares of PIMCO Dynamic Income Fund in the fourth quarter worth $30,000. Finally, Bessemer Group Inc. acquired a new stake in shares of PIMCO Dynamic Income Fund in the fourth quarter worth $32,000.

PIMCO Dynamic Income Fund Company Profile

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.