PIMCO Access Income Fund (NYSE:PAXS) Shares Down 0.8% – What’s Next?

PIMCO Access Income Fund (NYSE:PAXSGet Free Report)’s share price fell 0.8% during trading on Monday . The company traded as low as $14.31 and last traded at $14.3390. 233,133 shares were traded during trading, an increase of 4% from the average session volume of 223,213 shares. The stock had previously closed at $14.45.

PIMCO Access Income Fund Trading Down 0.8%

The stock has a fifty day moving average of $14.35 and a 200 day moving average of $15.15.

PIMCO Access Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be issued a dividend of $0.1494 per share. This represents a c) dividend on an annualized basis and a yield of 12.5%. The ex-dividend date is Monday, May 11th.

Institutional Trading of PIMCO Access Income Fund

Hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new stake in shares of PIMCO Access Income Fund in the fourth quarter valued at $34,000. GHP Investment Advisors Inc. bought a new stake in shares of PIMCO Access Income Fund during the 1st quarter valued at $41,000. Advisory Services Network LLC bought a new stake in shares of PIMCO Access Income Fund during the 3rd quarter valued at $61,000. Activest Wealth Management bought a new stake in shares of PIMCO Access Income Fund during the 4th quarter valued at $115,000. Finally, LifePlan Investment Advisors Inc. bought a new stake in shares of PIMCO Access Income Fund during the 3rd quarter valued at $163,000.

About PIMCO Access Income Fund

(Get Free Report)

The PIMCO Access Income Fund (NYSE:PAXS) is an actively managed, closed-end management investment company sponsored by Pacific Investment Management Company LLC (“PIMCO”). The fund seeks to provide current income, with a secondary objective of capital appreciation, by investing primarily in a diversified portfolio of global fixed income and income-related securities.

PAXS employs a broad credit strategy that spans corporate debt, structured finance instruments and emerging market debt.

Further Reading

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