PIMCO Access Income Fund (NYSE:PAXS) Trading Up 0.1% – Still a Buy?

PIMCO Access Income Fund (NYSE:PAXS)’s stock price was up 0.1% during mid-day trading on Tuesday . The company traded as high as $16.21 and last traded at $16.17. Approximately 127,578 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 206,649 shares. The stock had previously closed at $16.16.

PIMCO Access Income Fund Stock Up 0.1 %

The stock has a fifty day moving average of $15.83 and a 200-day moving average of $16.08.

PIMCO Access Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.1494 per share. This represents a $1.79 dividend on an annualized basis and a yield of 11.09%. The ex-dividend date of this dividend is Thursday, February 13th.

Institutional Trading of PIMCO Access Income Fund

A number of institutional investors have recently bought and sold shares of PAXS. Private Advisor Group LLC purchased a new stake in PIMCO Access Income Fund during the 3rd quarter worth about $252,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of PIMCO Access Income Fund during the third quarter worth about $181,000. Farther Finance Advisors LLC acquired a new stake in shares of PIMCO Access Income Fund during the third quarter worth about $67,000. Chicago Partners Investment Group LLC increased its position in shares of PIMCO Access Income Fund by 20.4% during the third quarter. Chicago Partners Investment Group LLC now owns 31,076 shares of the company’s stock worth $506,000 after purchasing an additional 5,264 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of PIMCO Access Income Fund by 46.5% during the third quarter. Rockefeller Capital Management L.P. now owns 47,880 shares of the company’s stock worth $796,000 after purchasing an additional 15,201 shares in the last quarter.

PIMCO Access Income Fund Company Profile

PIMCO Access Income Fund is close-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in fixed income markets of global region. The fund primarily invests in corporate debt, mortgage-related and other asset-backed instruments, government and sovereign debt, taxable municipal bonds, floating-rate income-producing securities with varying maturities.