PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Stock Price Up 0.9% – Here’s Why

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP)’s stock price traded up 0.9% during mid-day trading on Tuesday . The stock traded as high as $8.91 and last traded at $8.90. 71,416 shares changed hands during trading, an increase of 80% from the average session volume of 39,658 shares. The stock had previously closed at $8.82.

PIMCO Global StocksPLUS & Income Fund Stock Up 0.9%

The stock has a fifty day moving average price of $8.67 and a 200-day moving average price of $8.48.

PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 11th will be paid a $0.069 dividend. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date of this dividend is Thursday, December 11th.

Hedge Funds Weigh In On PIMCO Global StocksPLUS & Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers lifted its position in shares of PIMCO Global StocksPLUS & Income Fund by 7.3% in the second quarter. Cetera Investment Advisers now owns 19,503 shares of the company’s stock worth $162,000 after purchasing an additional 1,325 shares in the last quarter. MAS Advisors LLC increased its stake in PIMCO Global StocksPLUS & Income Fund by 4.1% in the 2nd quarter. MAS Advisors LLC now owns 42,781 shares of the company’s stock valued at $355,000 after buying an additional 1,691 shares during the period. CoreCap Advisors LLC lifted its position in PIMCO Global StocksPLUS & Income Fund by 23.0% in the 3rd quarter. CoreCap Advisors LLC now owns 9,100 shares of the company’s stock worth $78,000 after buying an additional 1,700 shares in the last quarter. Institute for Wealth Management LLC. boosted its stake in shares of PIMCO Global StocksPLUS & Income Fund by 22.1% during the 2nd quarter. Institute for Wealth Management LLC. now owns 32,719 shares of the company’s stock valued at $271,000 after buying an additional 5,931 shares during the period. Finally, 49 Wealth Management LLC purchased a new position in shares of PIMCO Global StocksPLUS & Income Fund during the 3rd quarter valued at $107,000.

PIMCO Global StocksPLUS & Income Fund Company Profile

The PIMCO Global StocksPLUS & Income Fund (NYSE: PGP) is a diversified, closed-end management investment company that seeks to deliver a high level of current income plus capital appreciation. The fund invests primarily in a global mix of common stocks, convertible securities, fixed-income instruments, currencies and derivative instruments, providing investors with broad exposure to both equity and credit markets around the world.

To achieve its objectives, PGP combines traditional security selection with an overlay strategy that employs equity futures and currency forwards.