PIMCO Dynamic Income Fund (NYSE:PDI) Stock Crosses Below 50 Day Moving Average of $19.23

PIMCO Dynamic Income Fund (NYSE:PDI)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $19.23 and traded as low as $19.10. PIMCO Dynamic Income Fund shares last traded at $19.35, with a volume of 2,509,873 shares.

PIMCO Dynamic Income Fund Stock Performance

The stock’s fifty day moving average is $19.23 and its 200-day moving average is $18.16.

PIMCO Dynamic Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Thursday, April 11th will be issued a $0.2205 dividend. The ex-dividend date is Wednesday, April 10th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 13.67%.

Hedge Funds Weigh In On PIMCO Dynamic Income Fund

A number of institutional investors have recently bought and sold shares of the business. Bank of Montreal Can boosted its stake in shares of PIMCO Dynamic Income Fund by 2.2% during the 1st quarter. Bank of Montreal Can now owns 67,312 shares of the company’s stock worth $1,629,000 after acquiring an additional 1,441 shares during the period. Synovus Financial Corp raised its position in shares of PIMCO Dynamic Income Fund by 56.4% in the first quarter. Synovus Financial Corp now owns 19,325 shares of the company’s stock valued at $472,000 after purchasing an additional 6,966 shares during the period. Cetera Investment Advisers lifted its stake in shares of PIMCO Dynamic Income Fund by 6.1% during the 1st quarter. Cetera Investment Advisers now owns 69,129 shares of the company’s stock worth $1,685,000 after buying an additional 3,950 shares during the last quarter. Baird Financial Group Inc. lifted its position in PIMCO Dynamic Income Fund by 1.3% during the first quarter. Baird Financial Group Inc. now owns 65,391 shares of the company’s stock worth $1,594,000 after acquiring an additional 846 shares during the last quarter. Finally, Equitable Holdings Inc. lifted its holdings in PIMCO Dynamic Income Fund by 6.8% during the 1st quarter. Equitable Holdings Inc. now owns 31,761 shares of the company’s stock worth $774,000 after purchasing an additional 2,030 shares during the last quarter.

About PIMCO Dynamic Income Fund

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.