PIMCO Dynamic Income Fund (NYSE:PDI) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

PIMCO Dynamic Income Fund (NYSE:PDI)’s stock price passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $14.49 and traded as high as $14.81. PIMCO Dynamic Income Fund shares last traded at $14.7250, with a volume of 3,332,558 shares changing hands.

PIMCO Dynamic Income Fund Stock Performance

The business has a 50 day moving average of $14.49 and a two-hundred day moving average of $16.45.

PIMCO Dynamic Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be paid a $0.2205 dividend. This represents a $2.65 annualized dividend and a yield of 18.0%. The ex-dividend date is Friday, November 13th.

Insiders Place Their Bets

In other news, Director Alan Rappaport bought 5,500 shares of the stock in a transaction on Thursday, September 24th. The stock was bought at an average cost of $13.76 per share, for a total transaction of $75,680.00. Following the completion of the purchase, the director directly owned 9,313 shares in the company, valued at approximately $128,146.88. The trade was a 144.24% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sonya Morris bought 5,700 shares of the company’s stock in a transaction that occurred on Friday, October 23rd. The shares were acquired at an average price of $14.32 per share, for a total transaction of $81,624.00. Following the completion of the purchase, the director owned 11,400 shares in the company, valued at $163,248. The trade was a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 34,348 shares of company stock worth $486,724.

Institutional Trading of PIMCO Dynamic Income Fund

Several large investors have recently bought and sold shares of the stock. Allied Private Wealth LLC acquired a new position in shares of PIMCO Dynamic Income Fund in the 2nd quarter valued at $30,000. CX Institutional acquired a new stake in PIMCO Dynamic Income Fund during the third quarter worth about $46,000. First Horizon Corp acquired a new stake in shares of PIMCO Dynamic Income Fund during the 1st quarter worth approximately $57,000. Versant Capital Management Inc purchased a new position in PIMCO Dynamic Income Fund in the third quarter valued at $88,000. Finally, Ascentis Independent Advisors purchased a new position in shares of PIMCO Dynamic Income Fund in the 1st quarter valued at about $120,000.

About PIMCO Dynamic Income Fund

PIMCO Dynamic Income Fund (NYSE: PDI) is a closed-end management investment company advised by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide current income as its primary objective and capital appreciation as a secondary objective.

PDI invests in a diversified portfolio of income-generating securities across global fixed-income markets. Its investments may include corporate debt, high-yield bonds, emerging-market securities, mortgage-related instruments, asset-backed securities, and other debt obligations.