PIMCO Access Income Fund (PAXS) To Go Ex-Dividend on July 13th

PIMCO Access Income Fund (NYSE:PAXS) announced a monthly dividend on Wednesday, July 1st. Investors of record on Monday, July 13th will be given a dividend of 0.1494 per share on Monday, August 3rd. This represents a c) annualized dividend and a yield of 12.2%. The ex-dividend date of this dividend is Monday, July 13th.

PIMCO Access Income Fund Trading Up 0.3%

PIMCO Access Income Fund stock opened at $14.65 on Friday. PIMCO Access Income Fund has a 12-month low of $13.74 and a 12-month high of $16.56. The firm has a 50 day simple moving average of $14.31 and a 200-day simple moving average of $14.90.

Institutional Investors Weigh In On PIMCO Access Income Fund

Several hedge funds have recently modified their holdings of PAXS. Thomas J. Herzfeld Advisors Inc. lifted its holdings in shares of PIMCO Access Income Fund by 55.3% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 747,910 shares of the company’s stock valued at $11,443,000 after purchasing an additional 266,473 shares in the last quarter. Royal Bank of Canada raised its position in PIMCO Access Income Fund by 12.5% during the first quarter. Royal Bank of Canada now owns 1,152,845 shares of the company’s stock valued at $16,612,000 after buying an additional 127,806 shares during the period. Rivernorth Capital Management LLC purchased a new stake in PIMCO Access Income Fund in the 1st quarter worth about $1,362,000. Bank of America Corp DE boosted its position in PIMCO Access Income Fund by 21.1% during the 2nd quarter. Bank of America Corp DE now owns 374,892 shares of the company’s stock worth $5,665,000 after acquiring an additional 65,266 shares during the period. Finally, Jane Street Group LLC purchased a new position in PIMCO Access Income Fund during the 4th quarter valued at about $801,000.

About PIMCO Access Income Fund

The PIMCO Access Income Fund (NYSE:PAXS) is an actively managed, closed-end management investment company sponsored by Pacific Investment Management Company LLC (“PIMCO”). The fund seeks to provide current income, with a secondary objective of capital appreciation, by investing primarily in a diversified portfolio of global fixed income and income-related securities.

PAXS employs a broad credit strategy that spans corporate debt, structured finance instruments and emerging market debt.