PIMCO Access Income Fund (NYSE:PAXS) Stock Price Down 0.4% – Here’s What Happened

PIMCO Access Income Fund (NYSE:PAXS) shares dropped 0.4% during mid-day trading on Tuesday . The stock traded as low as $15.26 and last traded at $15.5450. Approximately 154,644 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 253,410 shares. The stock had previously closed at $15.60.

PIMCO Access Income Fund Trading Down 0.4%

The firm’s 50-day moving average price is $15.70 and its 200 day moving average price is $15.85.

PIMCO Access Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 12th will be paid a $0.1494 dividend. This represents a c) annualized dividend and a yield of 11.5%. The ex-dividend date of this dividend is Thursday, February 12th.

Institutional Trading of PIMCO Access Income Fund

Large investors have recently made changes to their positions in the company. Wells Fargo & Company MN raised its stake in PIMCO Access Income Fund by 3.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,768,979 shares of the company’s stock worth $27,065,000 after buying an additional 51,523 shares during the period. SOL Capital Management CO increased its holdings in shares of PIMCO Access Income Fund by 2.8% during the fourth quarter. SOL Capital Management CO now owns 1,471,674 shares of the company’s stock valued at $22,517,000 after acquiring an additional 39,829 shares in the last quarter. Royal Bank of Canada raised its position in shares of PIMCO Access Income Fund by 8.6% during the fourth quarter. Royal Bank of Canada now owns 1,025,039 shares of the company’s stock worth $15,683,000 after purchasing an additional 81,375 shares during the period. Cohen & Steers Inc. lifted its holdings in shares of PIMCO Access Income Fund by 4.2% in the 4th quarter. Cohen & Steers Inc. now owns 911,766 shares of the company’s stock worth $13,950,000 after purchasing an additional 36,392 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. lifted its holdings in shares of PIMCO Access Income Fund by 55.3% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 747,910 shares of the company’s stock worth $11,443,000 after purchasing an additional 266,473 shares in the last quarter.

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.