PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.88 and traded as low as $6.83. PIMCO Global StocksPLUS & Income Fund shares last traded at $7.08, with a volume of 59,758 shares.

PIMCO Global StocksPLUS & Income Fund Trading Up 1.2 %

The firm’s fifty day moving average is $7.88 and its 200-day moving average is $7.97.

PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be paid a dividend of $0.069 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 11.70%. The ex-dividend date is Friday, April 11th.

Institutional Trading of PIMCO Global StocksPLUS & Income Fund

A number of institutional investors have recently modified their holdings of PGP. Guggenheim Capital LLC lifted its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 63.8% in the fourth quarter. Guggenheim Capital LLC now owns 221,545 shares of the company’s stock valued at $1,724,000 after purchasing an additional 86,320 shares in the last quarter. LPL Financial LLC raised its position in shares of PIMCO Global StocksPLUS & Income Fund by 18.5% during the 4th quarter. LPL Financial LLC now owns 154,372 shares of the company’s stock worth $1,201,000 after purchasing an additional 24,137 shares during the last quarter. Truist Financial Corp grew its holdings in PIMCO Global StocksPLUS & Income Fund by 79.8% during the 4th quarter. Truist Financial Corp now owns 130,682 shares of the company’s stock valued at $1,017,000 after buying an additional 58,002 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in PIMCO Global StocksPLUS & Income Fund by 80.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 127,315 shares of the company’s stock valued at $991,000 after buying an additional 56,802 shares during the last quarter. Finally, MAS Advisors LLC increased its position in PIMCO Global StocksPLUS & Income Fund by 5.2% during the fourth quarter. MAS Advisors LLC now owns 29,767 shares of the company’s stock worth $232,000 after buying an additional 1,472 shares in the last quarter.

About PIMCO Global StocksPLUS & Income Fund

PIMCO Global Stocksplus & Income Fund is a closed ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income and public equity markets across the globe. The fund uses a long/short strategy to invest in securities by using financial derivatives such as options.