PIMCO Dynamic Income Fund (NYSE:PDI) Stock Price Passes Above 50-Day Moving Average – What’s Next?

PIMCO Dynamic Income Fund (NYSE:PDI) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $17.47 and traded as high as $17.72. PIMCO Dynamic Income Fund shares last traded at $17.6960, with a volume of 2,386,351 shares trading hands.

PIMCO Dynamic Income Fund Price Performance

The stock has a 50-day moving average price of $17.47 and a 200-day moving average price of $17.91.

PIMCO Dynamic Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be given a $0.2205 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 15.0%. The ex-dividend date of this dividend is Monday, May 11th.

Institutional Trading of PIMCO Dynamic Income Fund

Hedge funds have recently made changes to their positions in the business. Heritage Wealth Advisors acquired a new stake in shares of PIMCO Dynamic Income Fund in the fourth quarter valued at approximately $35,000. LRI Investments LLC increased its stake in shares of PIMCO Dynamic Income Fund by 147.3% during the third quarter. LRI Investments LLC now owns 2,196 shares of the company’s stock worth $43,000 after purchasing an additional 1,308 shares during the period. Aspect Partners LLC bought a new position in shares of PIMCO Dynamic Income Fund during the third quarter worth approximately $54,000. Eastern Bank bought a new position in shares of PIMCO Dynamic Income Fund during the third quarter worth approximately $59,000. Finally, Parkside Financial Bank & Trust bought a new position in shares of PIMCO Dynamic Income Fund during the third quarter worth approximately $59,000.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund (NYSE: PDI) is a closed-end management investment company advised by Pacific Investment Management Company LLC (“PIMCO”), one of the world’s largest fixed-income asset managers. Listed on the New York Stock Exchange, PDI seeks to deliver attractive monthly income and capital appreciation by allocating across a broad array of global fixed-income markets.

The fund employs a dynamic, multi-sector approach, investing in a diversified mix of investment-grade and high-yield corporate bonds, bank loans, emerging-market debt, mortgage- and asset-backed securities, and U.S.