PIMCO Dynamic Income Fund (NYSE:PDI) Shares Cross Below 50 Day Moving Average of $22.84

PIMCO Dynamic Income Fund (NYSE:PDIGet Rating) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $22.84 and traded as low as $21.89. PIMCO Dynamic Income Fund shares last traded at $22.20, with a volume of 987,350 shares trading hands.

The stock has a fifty day moving average price of $22.84 and a 200-day moving average price of $24.27.

The business also recently announced a monthly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Thursday, May 12th will be issued a $0.221 dividend. The ex-dividend date of this dividend is Wednesday, May 11th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 11.95%. This is a positive change from PIMCO Dynamic Income Fund’s previous monthly dividend of $0.22.

In related news, insider Thibault Christian Stracke bought 6,000 shares of the company’s stock in a transaction dated Friday, March 11th. The shares were acquired at an average price of $22.78 per share, with a total value of $136,680.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

A number of hedge funds have recently made changes to their positions in PDI. Bank of America Corp DE grew its holdings in PIMCO Dynamic Income Fund by 252.4% during the fourth quarter. Bank of America Corp DE now owns 3,366,476 shares of the company’s stock worth $87,226,000 after acquiring an additional 2,411,255 shares during the period. Invesco Ltd. grew its holdings in PIMCO Dynamic Income Fund by 216.5% during the fourth quarter. Invesco Ltd. now owns 1,674,486 shares of the company’s stock worth $43,386,000 after acquiring an additional 1,145,406 shares during the period. LPL Financial LLC grew its holdings in PIMCO Dynamic Income Fund by 195.0% during the fourth quarter. LPL Financial LLC now owns 1,047,083 shares of the company’s stock worth $27,130,000 after acquiring an additional 692,128 shares during the period. Howland Capital Management LLC grew its holdings in PIMCO Dynamic Income Fund by 126.1% in the fourth quarter. Howland Capital Management LLC now owns 1,029,136 shares of the company’s stock valued at $26,665,000 after purchasing an additional 574,051 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in PIMCO Dynamic Income Fund by 436.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 705,410 shares of the company’s stock valued at $18,277,000 after purchasing an additional 573,851 shares during the last quarter.

PIMCO Dynamic Income Fund Company Profile (NYSE:PDI)

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.

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