PIMCO Access Income Fund (NYSE:PAXS – Get Free Report) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Tuesday, October 13th will be paid a dividend of $0.1494 per share on Monday, November 2nd. This represents a $1.79 dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date is Tuesday, October 13th.
PIMCO Access Income Fund Price Performance
Shares of PAXS opened at $13.26 on Friday. PIMCO Access Income Fund has a 1 year low of $12.92 and a 1 year high of $16.56. The stock has a 50 day simple moving average of $13.88 and a 200-day simple moving average of $14.19.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of PAXS. Noble Wealth Management PBC lifted its holdings in shares of PIMCO Access Income Fund by 16.9% during the third quarter. Noble Wealth Management PBC now owns 147,286 shares of the company’s stock valued at $1,949,000 after acquiring an additional 21,319 shares during the period. Baird Financial Group Inc. bought a new stake in shares of PIMCO Access Income Fund in the 2nd quarter worth about $243,000. Wedbush Securities Inc. grew its holdings in shares of PIMCO Access Income Fund by 4.7% in the 2nd quarter. Wedbush Securities Inc. now owns 44,119 shares of the company’s stock worth $642,000 after purchasing an additional 1,979 shares during the last quarter. Focus Financial Network Inc. acquired a new stake in shares of PIMCO Access Income Fund during the 2nd quarter worth about $154,000. Finally, Bank of America Corp DE increased its position in shares of PIMCO Access Income Fund by 6.2% during the 1st quarter. Bank of America Corp DE now owns 421,321 shares of the company’s stock worth $6,071,000 after purchasing an additional 24,721 shares in the last quarter.
About PIMCO Access Income Fund
PIMCO Access Income Fund (NYSE:PAXS) is a closed-end management investment company advised by Pacific Investment Management Company LLC, commonly known as PIMCO. The fund seeks to provide current income while also pursuing capital appreciation as a secondary objective.
The fund invests primarily in a diversified portfolio of fixed-income securities and other income-producing investments. Its holdings may include corporate bonds, government and sovereign debt, mortgage- and asset-backed securities, emerging-market securities, bank loans and other credit-related instruments.
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