PIMCO Access Income Fund (NYSE:PAXS) Trading Up 0.1% – What’s Next?

PIMCO Access Income Fund (NYSE:PAXS)’s stock price was up 0.1% on Monday . The company traded as high as $16.09 and last traded at $16.0350. Approximately 217,777 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 319,827 shares. The stock had previously closed at $16.02.

PIMCO Access Income Fund Stock Performance

The stock has a 50-day moving average price of $15.71 and a 200-day moving average price of $15.81.

PIMCO Access Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Tuesday, January 13th were issued a dividend of $0.1494 per share. The ex-dividend date was Tuesday, January 13th. This represents a c) annualized dividend and a yield of 11.2%.

Institutional Trading of PIMCO Access Income Fund

A number of hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new stake in PIMCO Access Income Fund in the third quarter valued at $61,000. Activest Wealth Management bought a new stake in shares of PIMCO Access Income Fund in the 4th quarter worth about $115,000. LifePlan Investment Advisors Inc. acquired a new stake in shares of PIMCO Access Income Fund in the 3rd quarter valued at about $163,000. Alexander Labrunerie & CO. Inc. bought a new position in shares of PIMCO Access Income Fund during the second quarter worth about $159,000. Finally, PFG Investments LLC bought a new position in shares of PIMCO Access Income Fund during the third quarter worth about $173,000.

PIMCO Access Income Fund Company Profile

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.