PIMCO Dynamic Income Fund (NYSE:PDI) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Shares of PIMCO Dynamic Income Fund (NYSE:PDI) crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $14.80 and traded as low as $14.20. PIMCO Dynamic Income Fund shares last traded at $14.2450, with a volume of 3,880,179 shares traded.

PIMCO Dynamic Income Fund Stock Down 0.9%

The stock has a 50-day simple moving average of $14.80 and a 200 day simple moving average of $16.08.

PIMCO Dynamic Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Tuesday, October 13th will be issued a dividend of $0.2205 per share. The ex-dividend date is Tuesday, October 13th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 18.6%.

Insider Transactions at PIMCO Dynamic Income Fund

In other PIMCO Dynamic Income Fund news, Director David C. Flattum acquired 17,448 shares of the business’s stock in a transaction that occurred on Tuesday, October 6th. The stock was purchased at an average cost of $14.30 per share, with a total value of $249,506.40. Following the transaction, the director owned 17,448 shares of the company’s stock, valued at $249,506.40. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Sonya Morris acquired 5,700 shares of PIMCO Dynamic Income Fund stock in a transaction that occurred on Tuesday, September 22nd. The stock was bought at an average price of $14.02 per share, for a total transaction of $79,914.00. Following the completion of the acquisition, the director owned 5,700 shares in the company, valued at $79,914. This trade represents a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 28,648 shares of company stock worth $405,100.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Kestra Private Wealth Services LLC increased its stake in PIMCO Dynamic Income Fund by 34.5% during the first quarter. Kestra Private Wealth Services LLC now owns 18,937 shares of the company’s stock worth $324,000 after purchasing an additional 4,860 shares during the period. Brookstone Capital Management lifted its position in shares of PIMCO Dynamic Income Fund by 161.6% during the first quarter. Brookstone Capital Management now owns 33,804 shares of the company’s stock worth $578,000 after purchasing an additional 20,880 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of PIMCO Dynamic Income Fund by 59.5% in the fourth quarter. Corient Private Wealth LLC now owns 19,231 shares of the company’s stock valued at $341,000 after purchasing an additional 7,175 shares during the period. LifeWealth Investments LLC boosted its stake in shares of PIMCO Dynamic Income Fund by 10.2% in the first quarter. LifeWealth Investments LLC now owns 369,241 shares of the company’s stock valued at $6,318,000 after purchasing an additional 34,085 shares during the period. Finally, AdvisorNet Financial Inc acquired a new position in shares of PIMCO Dynamic Income Fund in the first quarter valued at approximately $342,000.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund is a closed-end management investment company advised by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide current income as its primary objective and capital appreciation as a secondary objective.

The fund invests primarily in a diversified portfolio of fixed-income and other income-producing securities. Its investments may include corporate and government debt, mortgage-related securities, emerging-market debt, bank loans, structured credit and other credit-related instruments.