PIMCO Dynamic Income Fund (NYSE:PDI) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

PIMCO Dynamic Income Fund (NYSE:PDI) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $18.41 and traded as low as $17.60. PIMCO Dynamic Income Fund shares last traded at $17.69, with a volume of 3,315,750 shares.

PIMCO Dynamic Income Fund Trading Down 0.3%

The firm’s 50-day moving average price is $18.41 and its two-hundred day moving average price is $18.96.

PIMCO Dynamic Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be issued a dividend of $0.2205 per share. The ex-dividend date is Thursday, December 11th. This represents a c) dividend on an annualized basis and a dividend yield of 15.0%.

Institutional Investors Weigh In On PIMCO Dynamic Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oliver Lagore Vanvalin Investment Group purchased a new stake in PIMCO Dynamic Income Fund during the second quarter worth about $34,000. LRI Investments LLC increased its position in PIMCO Dynamic Income Fund by 147.3% during the 3rd quarter. LRI Investments LLC now owns 2,196 shares of the company’s stock worth $43,000 after purchasing an additional 1,308 shares during the period. Aspect Partners LLC acquired a new position in PIMCO Dynamic Income Fund during the third quarter worth about $54,000. Eastern Bank purchased a new position in PIMCO Dynamic Income Fund in the 3rd quarter valued at approximately $59,000. Finally, Parkside Financial Bank & Trust acquired a new stake in PIMCO Dynamic Income Fund in the 3rd quarter valued at about $59,000.

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.