Wedbush Securities Inc. reduced its position in shares of Pimco Dynamic Credit and Mortgg Incm Fnd (NYSE:PCI) by 10.2% during the second quarter, Holdings Channel reports. The firm owned 55,989 shares of the company’s stock after selling 6,336 shares during the period. Wedbush Securities Inc.’s holdings in Pimco Dynamic Credit and Mortgg Incm Fnd were worth $1,250,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PCI. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Pimco Dynamic Credit and Mortgg Incm Fnd by 26.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,540 shares of the company’s stock worth $101,000 after buying an additional 950 shares during the period. Harbour Capital Advisors LLC boosted its stake in shares of Pimco Dynamic Credit and Mortgg Incm Fnd by 2,131.9% in the second quarter. Harbour Capital Advisors LLC now owns 12,298 shares of the company’s stock worth $551,000 after buying an additional 11,747 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Pimco Dynamic Credit and Mortgg Incm Fnd by 0.6% in the second quarter. Janney Montgomery Scott LLC now owns 20,168 shares of the company’s stock worth $450,000 after buying an additional 114 shares during the period. Stratos Wealth Partners LTD. boosted its stake in shares of Pimco Dynamic Credit and Mortgg Incm Fnd by 5.5% in the second quarter. Stratos Wealth Partners LTD. now owns 29,783 shares of the company’s stock worth $665,000 after buying an additional 1,559 shares during the period. Finally, IFP Advisors Inc boosted its stake in shares of Pimco Dynamic Credit and Mortgg Incm Fnd by 7.6% in the second quarter. IFP Advisors Inc now owns 83,294 shares of the company’s stock worth $1,859,000 after buying an additional 5,858 shares during the period.

Shares of Pimco Dynamic Credit and Mortgg Incm Fnd (NYSE:PCI) opened at 22.31 on Friday. The firm has a 50-day moving average price of $22.57 and a 200-day moving average price of $21.74. Pimco Dynamic Credit and Mortgg Incm Fnd has a 12 month low of $18.90 and a 12 month high of $23.17.

The firm also recently declared a monthly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be paid a $0.1641 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.97 annualized dividend and a dividend yield of 8.82%.

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Pimco Dynamic Credit and Mortgg Incm Fnd Company Profile

PIMCO Dynamic Credit and Mortgage Income Fund, formerly PIMCO Dynamic Credit Income Fund, is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income and capital appreciation is the secondary objective. It will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of mortgage-related securities and other debt instruments of varying maturities.

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Institutional Ownership by Quarter for Pimco Dynamic Credit and Mortgg Incm Fnd (NYSE:PCI)

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