PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Stock Passes Below 50-Day Moving Average – Here’s What Happened

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $7.95 and traded as low as $7.86. PIMCO Global StocksPLUS & Income Fund shares last traded at $7.96, with a volume of 28,748 shares trading hands.

PIMCO Global StocksPLUS & Income Fund Stock Up 0.8 %

The firm’s fifty day moving average price is $7.95 and its 200 day moving average price is $8.02.

PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be issued a dividend of $0.069 per share. This represents a $0.83 dividend on an annualized basis and a yield of 10.40%. The ex-dividend date of this dividend is Thursday, March 13th.

Hedge Funds Weigh In On PIMCO Global StocksPLUS & Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PGP. Citadel Advisors LLC purchased a new position in PIMCO Global StocksPLUS & Income Fund in the fourth quarter valued at $99,000. Institute for Wealth Management LLC. raised its position in PIMCO Global StocksPLUS & Income Fund by 102.0% in the 4th quarter. Institute for Wealth Management LLC. now owns 25,239 shares of the company’s stock valued at $196,000 after purchasing an additional 12,743 shares in the last quarter. MAS Advisors LLC boosted its stake in shares of PIMCO Global StocksPLUS & Income Fund by 5.2% in the 4th quarter. MAS Advisors LLC now owns 29,767 shares of the company’s stock valued at $232,000 after buying an additional 1,472 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of PIMCO Global StocksPLUS & Income Fund by 80.6% in 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 period. Finally, Truist Financial Corp grew its position in shares of PIMCO Global StocksPLUS & Income Fund by 79.8% during the fourth quarter. Truist Financial Corp now owns 130,682 shares of the company’s stock worth $1,017,000 after buying an additional 58,002 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.