PIMCO Dynamic Income Fund (NYSE:PDI) Stock Passes Below 50 Day Moving Average – Should You Sell?

PIMCO Dynamic Income Fund (NYSE:PDI) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $15.87 and traded as low as $15.01. PIMCO Dynamic Income Fund shares last traded at $15.0650, with a volume of 3,740,892 shares.

PIMCO Dynamic Income Fund Stock Performance

The firm has a 50-day moving average price of $15.83 and a 200-day moving average price of $16.68.

PIMCO Dynamic Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be paid a dividend of $0.2205 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a c) annualized dividend and a yield of 17.9%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Sovran Advisors LLC lifted its holdings in PIMCO Dynamic Income Fund by 1.3% in the 1st quarter. Sovran Advisors LLC now owns 45,337 shares of the company’s stock valued at $791,000 after acquiring an additional 593 shares during the last quarter. Certified Advisory Corp grew its stake in shares of PIMCO Dynamic Income Fund by 2.2% in the 1st quarter. Certified Advisory Corp now owns 30,705 shares of the company’s stock worth $525,000 after purchasing an additional 650 shares during the last quarter. IHT Wealth Management LLC raised its holdings in shares of PIMCO Dynamic Income Fund by 2.0% in the 4th quarter. IHT Wealth Management LLC now owns 35,759 shares of the company’s stock worth $633,000 after purchasing an additional 690 shares in the last quarter. NewEdge Wealth LLC raised its holdings in shares of PIMCO Dynamic Income Fund by 1.9% in the 1st quarter. NewEdge Wealth LLC now owns 37,580 shares of the company’s stock worth $643,000 after purchasing an additional 712 shares in the last quarter. Finally, WFA of San Diego LLC lifted its stake in PIMCO Dynamic Income Fund by 23.9% during the fourth quarter. WFA of San Diego LLC now owns 3,901 shares of the company’s stock valued at $69,000 after purchasing an additional 753 shares during the last quarter.

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”), 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.