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

PIMCO Dynamic Income Fund (NYSE:PDI)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $19.71 and traded as low as $19.25. PIMCO Dynamic Income Fund shares last traded at $19.29, with a volume of 2,090,058 shares traded.

PIMCO Dynamic Income Fund Stock Performance

The firm has a 50 day simple moving average of $19.71 and a 200-day simple moving average of $19.26.

PIMCO Dynamic Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 11th will be given a dividend of $0.2205 per share. This represents a $2.65 dividend on an annualized basis and a dividend yield of 13.72%. The ex-dividend date is Friday, October 11th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its holdings in shares of PIMCO Dynamic Income Fund by 1.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 325,320 shares of the company’s stock worth $6,594,000 after acquiring an additional 4,010 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in PIMCO Dynamic Income Fund by 12.5% during the third quarter. Chicago Partners Investment Group LLC now owns 19,626 shares of the company’s stock worth $385,000 after purchasing an additional 2,176 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of PIMCO Dynamic Income Fund by 5,970.1% during the third quarter. Farther Finance Advisors LLC now owns 4,067 shares of the company’s stock worth $82,000 after buying an additional 4,000 shares during the period. Principal Securities Inc. grew its stake in shares of PIMCO Dynamic Income Fund by 5.2% in the third quarter. Principal Securities Inc. now owns 196,966 shares of the company’s stock valued at $3,993,000 after buying an additional 9,814 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of PIMCO Dynamic Income Fund by 53.5% in the third quarter. US Bancorp DE now owns 3,682 shares of the company’s stock valued at $75,000 after buying an additional 1,283 shares in the last quarter.

PIMCO Dynamic Income Fund Company Profile

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.