PIMCO Dynamic Income Fund (NYSE:PDI) Shares Pass Above 50 Day Moving Average – Here’s What Happened

PIMCO Dynamic Income Fund (NYSE:PDI) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $19.01 and traded as high as $19.63. PIMCO Dynamic Income Fund shares last traded at $19.56, with a volume of 1,632,761 shares traded.

PIMCO Dynamic Income Fund Stock Performance

The stock has a 50 day simple moving average of $19.01 and a two-hundred day simple moving average of $19.31.

PIMCO Dynamic Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.2205 per share. This represents a $2.65 dividend on an annualized basis and a yield of 13.53%. The ex-dividend date is Thursday, February 13th.

Hedge Funds Weigh In On PIMCO Dynamic Income Fund

Several large investors have recently modified their holdings of the business. TPG Advisors LLC lifted its stake in shares of PIMCO Dynamic Income Fund by 4.9% in the 4th quarter. TPG Advisors LLC now owns 11,474 shares of the company’s stock valued at $210,000 after purchasing an additional 535 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of PIMCO Dynamic Income Fund by 61.1% in the 4th quarter. Blue Trust Inc. now owns 1,584 shares of the company’s stock valued at $32,000 after purchasing an additional 601 shares during the last quarter. Capital CS Group LLC lifted its stake in shares of PIMCO Dynamic Income Fund by 4.0% in the 4th quarter. Capital CS Group LLC now owns 18,734 shares of the company’s stock valued at $344,000 after purchasing an additional 716 shares during the last quarter. Certified Advisory Corp lifted its stake in shares of PIMCO Dynamic Income Fund by 2.5% in the 3rd quarter. Certified Advisory Corp now owns 30,404 shares of the company’s stock valued at $616,000 after purchasing an additional 743 shares during the last quarter. Finally, Lido Advisors LLC lifted its stake in shares of PIMCO Dynamic Income Fund by 1.8% in the 4th quarter. Lido Advisors LLC now owns 43,702 shares of the company’s stock valued at $811,000 after purchasing an additional 762 shares during the last quarter.

About PIMCO Dynamic Income Fund

PIMCO Dynamic Income Fund is a close ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in multiple fixed-income sectors, including non-agency residential and commercial mortgage-backed securities and below investment-grade securities.