PIMCO Access Income Fund (NYSE:PAXS) Trading Up 1.1% – Should You Buy?

PIMCO Access Income Fund (NYSE:PAXS)’s stock price shot up 1.1% during mid-day trading on Wednesday . The stock traded as high as $14.24 and last traded at $14.1740. 198,726 shares were traded during mid-day trading, a decline of 21% from the average session volume of 251,983 shares. The stock had previously closed at $14.02.

PIMCO Access Income Fund Trading Up 1.1%

The business’s 50 day moving average is $15.40 and its two-hundred day moving average is $15.70.

PIMCO Access Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.1494 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a c) annualized dividend and a yield of 12.6%.

Institutional Trading of PIMCO Access Income Fund

A number of institutional investors have recently made changes to their positions in PAXS. Consolidated Portfolio Review Corp raised its holdings in PIMCO Access Income Fund by 22.0% during the third quarter. Consolidated Portfolio Review Corp now owns 185,551 shares of the company’s stock worth $3,019,000 after purchasing an additional 33,521 shares in the last quarter. Smith Moore & CO. boosted its stake in PIMCO Access Income Fund by 7.2% during the 3rd quarter. Smith Moore & CO. now owns 126,706 shares of the company’s stock valued at $2,062,000 after purchasing an additional 8,510 shares in the last quarter. Journey Strategic Wealth LLC increased its position in shares of PIMCO Access Income Fund by 3.7% during the 3rd quarter. Journey Strategic Wealth LLC now owns 56,650 shares of the company’s stock valued at $922,000 after purchasing an additional 2,000 shares during the period. Choreo LLC increased its position in shares of PIMCO Access Income Fund by 11.2% during the 3rd quarter. Choreo LLC now owns 63,467 shares of the company’s stock valued at $1,036,000 after purchasing an additional 6,389 shares during the period. Finally, Bleakley Financial Group LLC bought a new stake in shares of PIMCO Access Income Fund in the 3rd quarter worth $334,000.

PIMCO Access Income Fund Company Profile

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.