PIMCO Access Income Fund (NYSE:PAXS) Trading Up 0.1% – Still a Buy?

PIMCO Access Income Fund (NYSE:PAXS) shares were up 0.1% on Tuesday . The stock traded as high as $16.21 and last traded at $16.17. Approximately 127,578 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 206,649 shares. The stock had previously closed at $16.16.

PIMCO Access Income Fund Stock Up 0.1 %

The company has a fifty day simple moving average of $15.83 and a two-hundred day simple moving average of $16.08.

PIMCO Access Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.1494 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.79 dividend on an annualized basis and a dividend yield of 11.09%.

Institutional Trading of PIMCO Access Income Fund

Several large investors have recently added to or reduced their stakes in the stock. World Investment Advisors LLC purchased a new position in PIMCO Access Income Fund in the 3rd quarter valued at about $22,595,000. SOL Capital Management CO increased its stake in shares of PIMCO Access Income Fund by 24.0% in the fourth quarter. SOL Capital Management CO now owns 1,314,494 shares of the company’s stock valued at $20,046,000 after purchasing an additional 254,614 shares during the period. Wells Fargo & Company MN increased its stake in shares of PIMCO Access Income Fund by 25.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,154,608 shares of the company’s stock valued at $17,608,000 after purchasing an additional 234,128 shares during the period. Virtu Financial LLC acquired a new stake in shares of PIMCO Access Income Fund in the fourth quarter valued at approximately $1,942,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of PIMCO Access Income Fund in the fourth quarter valued at approximately $1,192,000.

About PIMCO Access Income Fund

PIMCO Access Income Fund is close-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in fixed income markets of global region. The fund primarily invests in corporate debt, mortgage-related and other asset-backed instruments, government and sovereign debt, taxable municipal bonds, floating-rate income-producing securities with varying maturities.