PIMCO Dynamic Income Fund (NYSE:PDI) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Shares of PIMCO Dynamic Income Fund (NYSE:PDI) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $18.82 and traded as high as $18.89. PIMCO Dynamic Income Fund shares last traded at $18.86, with a volume of 1,378,738 shares.

PIMCO Dynamic Income Fund Stock Performance

The firm’s fifty day moving average is $18.82 and its 200 day moving average is $19.08.

PIMCO Dynamic Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be issued a dividend of $0.2205 per share. This represents a $2.65 annualized dividend and a dividend yield of 14.03%. The ex-dividend date is Monday, May 12th.

Institutional Trading of PIMCO Dynamic Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its holdings in shares of PIMCO Dynamic Income Fund by 61.1% during the 4th quarter. Blue Trust Inc. now owns 1,584 shares of the company’s stock worth $32,000 after buying an additional 601 shares during the period. Western Pacific Wealth Management LP acquired a new stake in PIMCO Dynamic Income Fund in the 1st quarter worth about $40,000. EQ Wealth Advisors LLC acquired a new stake in PIMCO Dynamic Income Fund in the 1st quarter worth about $41,000. Anfield Capital Management LLC acquired a new stake in PIMCO Dynamic Income Fund in the 4th quarter worth about $56,000. Finally, Synergy Asset Management LLC acquired a new stake in PIMCO Dynamic Income Fund in the 4th quarter worth about $111,000.

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.