Pimco Dynamic Credit and MortggeIncmFund (NYSE:PCI) Trading Up 2.5%

Pimco Dynamic Credit and MortggeIncmFund (NYSE:PCI)’s share price was up 2.5% during trading on Wednesday . The stock traded as high as $16.12 and last traded at $16.28, approximately 73,010 shares changed hands during trading. A decline of 93% from the average daily volume of 1,104,995 shares. The stock had previously closed at $15.88.

The firm has a 50-day moving average of $22.71 and a 200 day moving average of $24.43.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Thursday, March 12th will be given a dividend of $0.174 per share. The ex-dividend date is Wednesday, March 11th. This represents a $2.09 annualized dividend and a dividend yield of 12.90%.

Institutional investors have recently made changes to their positions in the stock. Pinnacle Financial Partners Inc. bought a new stake in shares of Pimco Dynamic Credit and MortggeIncmFund during the 4th quarter valued at about $35,000. FMR LLC raised its stake in Pimco Dynamic Credit and MortggeIncmFund by 51,200.0% during the 4th quarter. FMR LLC now owns 1,539 shares of the company’s stock worth $39,000 after buying an additional 1,536 shares during the period. FSA Wealth Management LLC acquired a new position in Pimco Dynamic Credit and MortggeIncmFund during the 4th quarter worth approximately $46,000. Clifford Swan Investment Counsel LLC acquired a new position in Pimco Dynamic Credit and MortggeIncmFund during the 4th quarter worth approximately $202,000. Finally, Patton Albertson Miller Group LLC acquired a new position in Pimco Dynamic Credit and MortggeIncmFund during the 4th quarter worth approximately $205,000.

About Pimco Dynamic Credit and MortggeIncmFund (NYSE:PCI)

PIMCO Dynamic Credit and Mortgage Income Fund is a closed end fixed income 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 markets across the globe. The fund utilizes a dynamic asset allocation approach and seeks to invest in multiple fixed-income sectors in the global credit markets, including corporate debt, mortgage-related and other asset-backed securities, government and sovereign debt, taxable municipal bonds and other fixed, variable and floating rate income producing securities.

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