PIMCO Dynamic Income Fund (NYSE:PDI) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

PIMCO Dynamic Income Fund (NYSE:PDI)’s stock price passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $14.41 and traded as low as $14.34. PIMCO Dynamic Income Fund shares last traded at $14.3820, with a volume of 3,572,501 shares.

PIMCO Dynamic Income Fund Stock Performance

The stock has a 50-day moving average of $14.41 and a 200-day moving average of $16.33.

PIMCO Dynamic Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be given a $0.2205 dividend. The ex-dividend date is Friday, November 13th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 18.4%.

Insider Buying and Selling

In other news, Director David C. Flattum acquired 17,448 shares of PIMCO Dynamic Income Fund stock in a transaction on Tuesday, October 6th. The shares were purchased at an average cost of $14.30 per share, for a total transaction of $249,506.40. Following the completion of the purchase, the director directly owned 17,448 shares of the company’s stock, valued at approximately $249,506.40. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sonya Morris acquired 5,700 shares of PIMCO Dynamic Income Fund stock in a transaction on Friday, October 23rd. The shares were purchased at an average price of $14.32 per share, for a total transaction of $81,624.00. Following the completion of the purchase, the director directly owned 11,400 shares of the company’s stock, valued at approximately $163,248. This represents a 100.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 34,348 shares of company stock worth $486,724.

Institutional Trading of PIMCO Dynamic Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Allied Private Wealth LLC acquired a new stake in shares of PIMCO Dynamic Income Fund during the 2nd quarter worth approximately $30,000. CX Institutional acquired a new position in PIMCO Dynamic Income Fund during the third quarter valued at approximately $46,000. Versant Capital Management Inc acquired a new position in PIMCO Dynamic Income Fund during the third quarter valued at approximately $88,000. Advisors Asset Management Inc. acquired a new position in PIMCO Dynamic Income Fund during the third quarter valued at approximately $140,000. Finally, Fermata Advisors LLC bought a new stake in PIMCO Dynamic Income Fund during the third quarter worth $141,000.

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). The fund seeks to provide current income as its primary objective and capital appreciation as a secondary objective. PDI invests in a diversified portfolio of income-generating securities across global fixed-income markets. Its investments may include corporate debt, high-yield bonds, emerging-market securities, mortgage-related instruments, asset-backed securities, and other debt obligations.