PIMCO Access Income Fund (NYSE:PAXS) Trading Down 1%

PIMCO Access Income Fund (NYSE:PAXS) dropped 1% during trading on Wednesday . The stock traded as low as $15.53 and last traded at $15.63. Approximately 192,779 shares were traded during trading, an increase of 14% from the average daily volume of 168,635 shares. The stock had previously closed at $15.78.

PIMCO Access Income Fund Trading Down 1.0 %

The company has a fifty day moving average of $15.69 and a 200-day moving average of $15.23.

PIMCO Access Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, June 13th will be issued a dividend of $0.149 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.79 annualized dividend and a yield of 11.44%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Creekmur Asset Management LLC purchased a new position in PIMCO Access Income Fund in the fourth quarter worth $27,000. Belpointe Asset Management LLC purchased a new position in shares of PIMCO Access Income Fund during the 4th quarter valued at $147,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of PIMCO Access Income Fund during the 4th quarter valued at $166,000. Prudent Investors Network Inc. purchased a new position in shares of PIMCO Access Income Fund during the 1st quarter valued at $249,000. Finally, Mathes Company Inc. lifted its position in shares of PIMCO Access Income Fund by 20.7% during the 4th quarter. Mathes Company Inc. now owns 17,500 shares of the company’s stock valued at $250,000 after buying an additional 3,000 shares during the last quarter.

About PIMCO Access Income Fund

PIMCO Access Income Fund is close-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in fixed income markets of global region. The fund primarily invests in corporate debt, mortgage-related and other asset-backed instruments, government and sovereign debt, taxable municipal bonds, floating-rate income-producing securities with varying maturities.