PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Stock Crosses Below Fifty Day Moving Average of $7.52

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $7.52 and traded as low as $7.37. PIMCO Global StocksPLUS & Income Fund shares last traded at $7.45, with a volume of 23,791 shares trading hands.

PIMCO Global StocksPLUS & Income Fund Price Performance

The company has a 50-day moving average of $7.52 and a 200-day moving average of $7.21.

PIMCO Global StocksPLUS & Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Thursday, April 11th were issued a $0.069 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 11.12%. The ex-dividend date of this dividend was Wednesday, April 10th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. acquired a new position in PIMCO Global StocksPLUS & Income Fund in the 4th quarter valued at $75,000. Shaker Financial Services LLC grew its holdings in PIMCO Global StocksPLUS & Income Fund by 483.0% in the 4th quarter. Shaker Financial Services LLC now owns 178,457 shares of the company’s stock valued at $1,343,000 after buying an additional 147,846 shares in the last quarter. Epic Trust Investment Advisors LLC acquired a new stake in shares of PIMCO Global StocksPLUS & Income Fund during the 4th quarter worth $102,000. International Assets Investment Management LLC grew its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 650.0% during the 4th quarter. International Assets Investment Management LLC now owns 5,625 shares of the company’s stock worth $42,000 after purchasing an additional 4,875 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 16.2% during the 3rd quarter. Private Advisor Group LLC now owns 15,017 shares of the company’s stock worth $99,000 after purchasing an additional 2,098 shares in the last quarter.

PIMCO Global StocksPLUS & Income Fund Company Profile

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.