PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Stock Price Up 0.9% – Time to Buy?

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) shot up 0.9% during mid-day trading on Tuesday . The company traded as high as $8.91 and last traded at $8.90. 71,416 shares changed hands during mid-day trading, an increase of 80% from the average session volume of 39,658 shares. The stock had previously closed at $8.82.

PIMCO Global StocksPLUS & Income Fund Price Performance

The company’s 50 day simple moving average is $8.68 and its two-hundred day simple moving average is $8.49.

PIMCO Global StocksPLUS & Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 11th will be issued a $0.069 dividend. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date is Thursday, December 11th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. 49 Wealth Management LLC bought a new stake in PIMCO Global StocksPLUS & Income Fund in the 3rd quarter valued at $107,000. Cetera Investment Advisers raised its position in PIMCO Global StocksPLUS & Income Fund by 7.3% in the second quarter. Cetera Investment Advisers now owns 19,503 shares of the company’s stock worth $162,000 after purchasing an additional 1,325 shares in the last quarter. MAS Advisors LLC lifted its stake in PIMCO Global StocksPLUS & Income Fund by 12.1% during the third quarter. MAS Advisors LLC now owns 47,967 shares of the company’s stock worth $410,000 after purchasing an additional 5,186 shares during the period. Shaker Financial Services LLC grew its stake in shares of PIMCO Global StocksPLUS & Income Fund by 85.5% in the 3rd quarter. Shaker Financial Services LLC now owns 62,625 shares of the company’s stock valued at $540,000 after purchasing an additional 28,873 shares during the period. Finally, CoreCap Advisors LLC boosted its stake in PIMCO Global StocksPLUS & Income Fund by 23.0% in the 3rd quarter. CoreCap Advisors LLC now owns 9,100 shares of the company’s stock valued at $78,000 after buying an additional 1,700 shares in the last quarter.

About PIMCO Global StocksPLUS & Income Fund

The PIMCO Global StocksPLUS & Income Fund (NYSE: PGP) is a diversified, closed-end management investment company that seeks to deliver a high level of current income plus capital appreciation. The fund invests primarily in a global mix of common stocks, convertible securities, fixed-income instruments, currencies and derivative instruments, providing investors with broad exposure to both equity and credit markets around the world.

To achieve its objectives, PGP combines traditional security selection with an overlay strategy that employs equity futures and currency forwards.