PIMCO Access Income Fund (NYSE:PAXS) Trading 0.2% Higher – What’s Next?

Shares of PIMCO Access Income Fund (NYSE:PAXS) shot up 0.2% during mid-day trading on Tuesday . The stock traded as high as $15.45 and last traded at $15.42. 188,225 shares were traded during trading, a decline of 5% from the average session volume of 197,605 shares. The stock had previously closed at $15.39.

PIMCO Access Income Fund Stock Up 0.2%

The firm’s 50 day moving average is $15.75 and its two-hundred day moving average is $15.68.

PIMCO Access Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be paid a $0.1494 dividend. The ex-dividend date of this dividend is Thursday, December 11th. This represents a c) annualized dividend and a dividend yield of 11.6%.

Hedge Funds Weigh In On PIMCO Access Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mariner LLC bought a new position in PIMCO Access Income Fund during the 3rd quarter worth approximately $391,000. Advisory Services Network LLC bought a new stake in shares of PIMCO Access Income Fund in the 3rd quarter valued at $61,000. Alexander Labrunerie & CO. Inc. increased its position in shares of PIMCO Access Income Fund by 26.5% during the third quarter. Alexander Labrunerie & CO. Inc. now owns 13,284 shares of the company’s stock worth $216,000 after buying an additional 2,784 shares during the period. LifePlan Investment Advisors Inc. bought a new position in PIMCO Access Income Fund during the third quarter worth $163,000. Finally, Smith Moore & CO. lifted its holdings in PIMCO Access Income Fund by 7.2% in the third quarter. Smith Moore & CO. now owns 126,706 shares of the company’s stock valued at $2,062,000 after buying an additional 8,510 shares during the period.

About PIMCO Access Income Fund

The PIMCO Access Income Fund (NYSE:PAXS) is an actively managed, closed-end management investment company sponsored by Pacific Investment Management Company LLC (“PIMCO”). The fund seeks to provide current income, with a secondary objective of capital appreciation, by investing primarily in a diversified portfolio of global fixed income and income-related securities.

PAXS employs a broad credit strategy that spans corporate debt, structured finance instruments and emerging market debt.