PIMCO Dynamic Income Fund (NYSE:PDI) Stock Price Passes Above 50-Day Moving Average – What’s Next?

PIMCO Dynamic Income Fund (NYSE:PDI) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $17.47 and traded as high as $17.72. PIMCO Dynamic Income Fund shares last traded at $17.6960, with a volume of 2,386,351 shares trading hands.

PIMCO Dynamic Income Fund Trading Up 0.2%

The firm has a 50-day moving average of $17.47 and a 200 day moving average of $17.91.

PIMCO Dynamic Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be given a dividend of $0.2205 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) annualized dividend and a yield of 15.0%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PDI. Rivernorth Capital Management LLC acquired a new position in PIMCO Dynamic Income Fund during the fourth quarter valued at approximately $49,968,000. Wells Fargo & Company MN lifted its position in shares of PIMCO Dynamic Income Fund by 110.4% in the fourth quarter. Wells Fargo & Company MN now owns 2,214,301 shares of the company’s stock valued at $39,215,000 after buying an additional 1,161,637 shares during the last quarter. Independent Financial Group LLC acquired a new stake in shares of PIMCO Dynamic Income Fund in the first quarter valued at approximately $8,898,000. Jane Street Group LLC lifted its position in shares of PIMCO Dynamic Income Fund by 503.9% in the fourth quarter. Jane Street Group LLC now owns 610,974 shares of the company’s stock valued at $10,820,000 after buying an additional 509,810 shares during the last quarter. Finally, Marex Group plc acquired a new stake in shares of PIMCO Dynamic Income Fund in the fourth quarter valued at approximately $7,052,000.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund (NYSE: PDI) is a closed-end management investment company advised by Pacific Investment Management Company LLC (“PIMCO”), one of the world’s largest fixed-income asset managers. Listed on the New York Stock Exchange, PDI seeks to deliver attractive monthly income and capital appreciation by allocating across a broad array of global fixed-income markets.

The fund employs a dynamic, multi-sector approach, investing in a diversified mix of investment-grade and high-yield corporate bonds, bank loans, emerging-market debt, mortgage- and asset-backed securities, and U.S.