PIMCO Access Income Fund (NYSE:PAXS) Trading Down 0.3%

PIMCO Access Income Fund (NYSE:PAXS – Get Rating)’s stock price was down 0.3% during trading on Wednesday . The stock traded as low as $13.93 and last traded at $13.98. Approximately 74,537 shares were traded during trading, a decline of 56% from the average daily volume of 171,290 shares. The stock had previously closed at $14.02.

PIMCO Access Income Fund Stock Performance

The company’s 50 day simple moving average is $14.39.

PIMCO Access Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, May 11th will be issued a $0.149 dividend. This represents a $1.79 annualized dividend and a dividend yield of 12.78%. The ex-dividend date is Wednesday, May 10th.

Insiders Place Their Bets

In other PIMCO Access Income Fund news, insider Thibault Christian Stracke bought 7,000 shares of PIMCO Access Income Fund stock in a transaction dated Tuesday, April 11th. The shares were bought at an average price of $15.05 per share, with a total value of $105,350.00. Following the purchase, the insider now owns 74,425 shares of the company’s stock, valued at $1,120,096.25. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Institutional Trading of PIMCO Access Income Fund

Hedge funds have recently bought and sold shares of the stock. UBS Group AG lifted its holdings in shares of PIMCO Access Income Fund by 195.0% during the first quarter. UBS Group AG now owns 4,336,524 shares of the company’s stock worth $64,397,000 after buying an additional 2,866,338 shares in the last quarter. SOL Capital Management CO grew its holdings in shares of PIMCO Access Income Fund by 60.8% during the fourth quarter. SOL Capital Management CO now owns 487,890 shares of the company’s stock worth $7,216,000 after purchasing an additional 184,415 shares during the last quarter. Penserra Capital Management LLC grew its holdings in shares of PIMCO Access Income Fund by 13.3% during the fourth quarter. Penserra Capital Management LLC now owns 669,073 shares of the company’s stock worth $9,895,000 after purchasing an additional 78,360 shares during the last quarter. LPL Financial LLC bought a new stake in shares of PIMCO Access Income Fund during the fourth quarter worth about $1,132,000. Finally, Bank of America Corp DE boosted its holdings in PIMCO Access Income Fund by 33.5% in the first quarter. Bank of America Corp DE now owns 258,775 shares of the company’s stock valued at $3,843,000 after acquiring an additional 64,997 shares during the last quarter.