PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Shares Up 0.2% After Dividend Announcement

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) shares shot up 0.2% on Wednesday after the company announced a dividend. The company traded as high as $8.10 and last traded at $8.08. 11,955 shares changed hands during trading, a decline of 71% from the average session volume of 41,148 shares. The stock had previously closed at $8.06.

The newly announced dividend which will be paid on Tuesday, July 1st. Investors of record on Thursday, June 12th will be issued a $0.069 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.83 dividend on an annualized basis and a yield of 10.25%.

PIMCO Global StocksPLUS & Income Fund Stock Up 0.2%

The stock has a fifty day moving average of $7.72 and a 200 day moving average of $7.88.

Hedge Funds Weigh In On PIMCO Global StocksPLUS & Income Fund

A number of institutional investors have recently bought and sold shares of PGP. Shaker Financial Services LLC raised its holdings in PIMCO Global StocksPLUS & Income Fund by 99.2% in the 1st quarter. Shaker Financial Services LLC now owns 187,947 shares of the company’s stock worth $1,537,000 after purchasing an additional 93,574 shares during the period. Guggenheim Capital LLC raised its holdings in PIMCO Global StocksPLUS & Income Fund by 63.8% during the fourth quarter. Guggenheim Capital LLC now owns 221,545 shares of the company’s stock valued at $1,724,000 after acquiring an additional 86,320 shares during the period. Truist Financial Corp raised its holdings in PIMCO Global StocksPLUS & Income Fund by 79.8% during the fourth quarter. Truist Financial Corp now owns 130,682 shares of the company’s stock valued at $1,017,000 after acquiring an additional 58,002 shares during the period. Envestnet Asset Management Inc. raised its holdings in PIMCO Global StocksPLUS & Income Fund by 80.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 127,315 shares of the company’s stock valued at $991,000 after acquiring an additional 56,802 shares during the period. Finally, LPL Financial LLC raised its holdings in PIMCO Global StocksPLUS & Income Fund by 18.5% during the fourth quarter. LPL Financial LLC now owns 154,372 shares of the company’s stock valued at $1,201,000 after acquiring an additional 24,137 shares during the period.

About PIMCO Global StocksPLUS & Income Fund

PIMCO Global Stocksplus & Income Fund is a closed ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income and public equity markets across the globe. The fund uses a long/short strategy to invest in securities by using financial derivatives such as options.