PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Posted by William Tyler on Oct 31st, 2024

Shares of PIMCO Global StocksPLUS & Income Fund (NYSE:PGP – Get Free Report) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $8.12 and traded as low as $7.95. PIMCO Global StocksPLUS & Income Fund shares last traded at $8.00, with a volume of 22,234 shares.

PIMCO Global StocksPLUS & Income Fund Stock Up 0.1 %

The business’s 50 day moving average price is $8.12 and its 200 day moving average price is $7.75.

PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 11th will be given a dividend of $0.069 per share. The ex-dividend date is Friday, October 11th. This represents a $0.83 annualized dividend and a yield of 10.35%.

Institutional Trading of PIMCO Global StocksPLUS & Income Fund

Several large investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its position in PIMCO Global StocksPLUS & Income Fund by 739.1% during the third quarter. International Assets Investment Management LLC now owns 6,293 shares of the company’s stock valued at $53,000 after buying an additional 5,543 shares during the period. Truist Financial Corp bought a new stake in PIMCO Global StocksPLUS & Income Fund during the second quarter valued at approximately $252,000. Finally, MAS Advisors LLC bought a new stake in PIMCO Global StocksPLUS & Income Fund during the first quarter valued at approximately $229,000.

About PIMCO Global StocksPLUS & Income Fund

(Get Free Report)

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.