PIMCO Access Income Fund (NYSE:PAXS) Trading Up 0.1% Following Dividend Announcement

PIMCO Access Income Fund (NYSE:PAXS)’s stock price was up 0.1% during mid-day trading on Thursday after the company announced a dividend. The stock traded as high as $15.20 and last traded at $15.15. Approximately 72,944 shares were traded during trading, a decline of 68% from the average daily volume of 224,958 shares. The stock had previously closed at $15.14.

The newly announced dividend which will be paid on Friday, August 1st. Shareholders of record on Friday, July 11th will be given a $0.1494 dividend. This represents a $1.79 dividend on an annualized basis and a yield of 11.83%. The ex-dividend date of this dividend is Friday, July 11th.

PIMCO Access Income Fund Price Performance

The company’s 50 day simple moving average is $15.10 and its 200 day simple moving average is $15.50.

Hedge Funds Weigh In On PIMCO Access Income Fund

Institutional investors have recently modified their holdings of the business. SVB Wealth LLC purchased a new position in PIMCO Access Income Fund in the first quarter worth $28,000. Tanglewood Legacy Advisors LLC bought a new stake in shares of PIMCO Access Income Fund during the 1st quarter worth $44,000. IFP Advisors Inc boosted its holdings in shares of PIMCO Access Income Fund by 549.2% in the 4th quarter. IFP Advisors Inc now owns 3,999 shares of the company’s stock worth $61,000 after buying an additional 3,383 shares during the last quarter. SouthState Corp purchased a new position in shares of PIMCO Access Income Fund in the 4th quarter worth about $143,000. Finally, CreativeOne Wealth LLC bought a new position in PIMCO Access Income Fund during the fourth quarter valued at about $192,000.

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.