PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Trading Up 0.5%

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) shares traded up 0.5% during mid-day trading on Wednesday . The stock traded as high as $7.41 and last traded at $7.36. 77,066 shares changed hands during trading, an increase of 76% from the average session volume of 43,717 shares. The stock had previously closed at $7.32.

PIMCO Global StocksPLUS & Income Fund Price Performance

The stock’s 50-day moving average price is $7.53 and its 200 day moving average price is $7.18.

PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, April 11th will be issued a $0.069 dividend. The ex-dividend date is Wednesday, April 10th. This represents a $0.83 annualized dividend and a dividend yield of 11.25%.

Institutional Trading of PIMCO Global StocksPLUS & Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of PGP. International Assets Investment Management LLC increased its position in PIMCO Global StocksPLUS & Income Fund by 650.0% during the fourth 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 during the last quarter. Avantax Advisory Services Inc. acquired a new position in PIMCO Global StocksPLUS & Income Fund in the fourth quarter valued at approximately $75,000. Private Advisor Group LLC increased its stake in PIMCO Global StocksPLUS & Income Fund by 16.2% during the third quarter. Private Advisor Group LLC now owns 15,017 shares of the company’s stock worth $99,000 after acquiring an additional 2,098 shares during the last quarter. Epic Trust Investment Advisors LLC acquired a new stake in PIMCO Global StocksPLUS & Income Fund during the fourth quarter worth $102,000. Finally, Shaker Financial Services LLC purchased a new stake in PIMCO Global StocksPLUS & Income Fund in the third quarter valued at $203,000.

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.