PIMCO Dynamic Income Fund (NYSE:PDI) Shares Pass Below 50 Day Moving Average – Time to Sell?

PIMCO Dynamic Income Fund (NYSE:PDI)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $19.12 and traded as low as $18.31. PIMCO Dynamic Income Fund shares last traded at $18.42, with a volume of 1,260,143 shares traded.

PIMCO Dynamic Income Fund Price Performance

The firm has a 50-day simple moving average of $19.12 and a 200-day simple moving average of $19.16.

PIMCO Dynamic Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Friday, April 11th will be given a $0.2205 dividend. The ex-dividend date is Friday, April 11th. This represents a $2.65 annualized dividend and a yield of 14.36%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. D.A. Davidson & CO. increased its holdings in PIMCO Dynamic Income Fund by 15.6% in the 1st quarter. D.A. Davidson & CO. now owns 24,162 shares of the company’s stock worth $478,000 after acquiring an additional 3,261 shares in the last quarter. Private Trust Co. NA increased its holdings in PIMCO Dynamic Income Fund by 3.5% in the 1st quarter. Private Trust Co. NA now owns 71,854 shares of the company’s stock valued at $1,423,000 after acquiring an additional 2,451 shares during the last quarter. Yukon Wealth Management Inc. bought a new stake in shares of PIMCO Dynamic Income Fund in the 1st quarter worth about $449,000. TCP Asset Management LLC bought a new stake in PIMCO Dynamic Income Fund during the first quarter worth approximately $269,000. Finally, Quarry Hill Advisors LLC increased its position in shares of PIMCO Dynamic Income Fund by 3.5% during the 1st quarter. Quarry Hill Advisors LLC now owns 164,571 shares of the company’s stock valued at $3,259,000 after purchasing an additional 5,522 shares during the last quarter.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund is a close ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in multiple fixed-income sectors, including non-agency residential and commercial mortgage-backed securities and below investment-grade securities.