PIMCO Access Income Fund (NYSE:PAXS) Trading Up 0.1% – What’s Next?

Shares of PIMCO Access Income Fund (NYSE:PAXS) rose 0.1% on Monday . The stock traded as high as $16.09 and last traded at $16.0350. Approximately 217,777 shares changed hands during trading, a decline of 32% from the average daily volume of 319,827 shares. The stock had previously closed at $16.02.

PIMCO Access Income Fund Price Performance

The stock’s 50-day moving average price is $15.71 and its 200-day moving average price is $15.81.

PIMCO Access Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Tuesday, January 13th were paid a dividend of $0.1494 per share. The ex-dividend date was Tuesday, January 13th. This represents a c) annualized dividend and a yield of 11.2%.

Hedge Funds Weigh In On PIMCO Access Income Fund

Several institutional investors have recently made changes to their positions in the stock. Comerica Bank increased its position in PIMCO Access Income Fund by 2.8% in the 4th quarter. Comerica Bank now owns 28,637 shares of the company’s stock valued at $438,000 after acquiring an additional 779 shares during the period. Journey Strategic Wealth LLC boosted its position in PIMCO Access Income Fund by 3.7% during the 3rd quarter. Journey Strategic Wealth LLC now owns 56,650 shares of the company’s stock worth $922,000 after acquiring an additional 2,000 shares during the period. First Trust Advisors LP grew its stake in shares of PIMCO Access Income Fund by 21.3% in the second quarter. First Trust Advisors LP now owns 15,737 shares of the company’s stock worth $238,000 after purchasing an additional 2,760 shares in the last quarter. Alexander Labrunerie & CO. Inc. increased its holdings in shares of PIMCO Access Income Fund by 26.5% during the third quarter. Alexander Labrunerie & CO. Inc. now owns 13,284 shares of the company’s stock valued at $216,000 after purchasing an additional 2,784 shares during the period. Finally, Chicago Partners Investment Group LLC increased its holdings in shares of PIMCO Access Income Fund by 14.5% during the second quarter. Chicago Partners Investment Group LLC now owns 28,535 shares of the company’s stock valued at $432,000 after purchasing an additional 3,612 shares during the period.

PIMCO Access Income Fund Company Profile

The PIMCO Access Income Fund (NYSE:PAXS) is an actively managed, closed-end management investment company sponsored by Pacific Investment Management Company LLC (“PIMCO”). The fund seeks to provide current income, with a secondary objective of capital appreciation, by investing primarily in a diversified portfolio of global fixed income and income-related securities.

PAXS employs a broad credit strategy that spans corporate debt, structured finance instruments and emerging market debt.