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

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

PIMCO Global StocksPLUS & Income Fund Trading Up 0.8 %

The stock has a 50-day moving average price of $7.53 and a 200 day moving average price of $7.19.

PIMCO Global StocksPLUS & Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 11th will be issued a dividend of $0.069 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $0.83 annualized dividend and a yield of 11.16%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Shaker Financial Services LLC lifted its position in PIMCO Global StocksPLUS & Income Fund by 483.0% in the 4th quarter. Shaker Financial Services LLC now owns 178,457 shares of the company’s stock valued at $1,343,000 after acquiring an additional 147,846 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of PIMCO Global StocksPLUS & Income Fund by 16.2% in the 3rd quarter. Private Advisor Group LLC now owns 15,017 shares of the company’s stock valued at $99,000 after purchasing an additional 2,098 shares during the period. Epic Trust Investment Advisors LLC acquired a new position in shares of PIMCO Global StocksPLUS & Income Fund during the fourth quarter worth about $102,000. Avantax Advisory Services Inc. bought a new position in shares of PIMCO Global StocksPLUS & Income Fund during the fourth quarter worth about $75,000. Finally, International Assets Investment Management LLC raised its position in PIMCO Global StocksPLUS & Income Fund by 650.0% in the 4th quarter. International Assets Investment Management LLC now owns 5,625 shares of the company’s stock valued at $42,000 after buying an additional 4,875 shares during 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.