PIMCO Access Income Fund (NYSE:PAXS) Trading Down 0.2% – Time to Sell?

PIMCO Access Income Fund (NYSE:PAXS) shares dropped 0.2% on Friday . The stock traded as low as $15.15 and last traded at $15.20. Approximately 150,904 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 205,810 shares. The stock had previously closed at $15.23.

PIMCO Access Income Fund Stock Down 0.2%

The company has a fifty day moving average of $15.39 and a two-hundred day moving average of $15.79.

PIMCO Access Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be given a $0.1494 dividend. This represents a $1.79 dividend on an annualized basis and a dividend yield of 11.79%. The ex-dividend date is Monday, May 12th.

Institutional Trading of PIMCO Access Income Fund

Several large investors have recently modified their holdings of the company. Comerica Bank raised its holdings in PIMCO Access Income Fund by 2.8% in the 1st quarter. Comerica Bank now owns 26,308 shares of the company’s stock worth $423,000 after acquiring an additional 717 shares during the period. Consolidated Portfolio Review Corp grew its position in shares of PIMCO Access Income Fund by 1.1% in the fourth quarter. Consolidated Portfolio Review Corp now owns 77,752 shares of the company’s stock valued at $1,186,000 after purchasing an additional 881 shares during the last quarter. Cerity Partners LLC increased its stake in shares of PIMCO Access Income Fund by 2.3% in the first quarter. Cerity Partners LLC now owns 51,138 shares of the company’s stock worth $821,000 after purchasing an additional 1,138 shares during the period. Smith Moore & CO. increased its stake in shares of PIMCO Access Income Fund by 1.3% in the fourth quarter. Smith Moore & CO. now owns 99,996 shares of the company’s stock worth $1,525,000 after purchasing an additional 1,270 shares during the period. Finally, SouthState Corp lifted its position in shares of PIMCO Access Income Fund by 13.9% during the 1st quarter. SouthState Corp now owns 10,650 shares of the company’s stock worth $171,000 after purchasing an additional 1,300 shares during the last quarter.

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.