PIMCO Access Income Fund (NYSE:PAXS) Stock Price Down 0.6%

PIMCO Access Income Fund (NYSE:PAXS) was down 0.6% on Wednesday . The stock traded as low as $15.21 and last traded at $15.31. Approximately 84,686 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 192,372 shares. The stock had previously closed at $15.40.

PIMCO Access Income Fund Price Performance

The company’s 50 day simple moving average is $15.44 and its 200 day simple moving average is $14.56.

PIMCO Access Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 11th will be paid a $0.1494 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $1.79 annualized dividend and a yield of 11.71%.

Institutional Investors Weigh In On PIMCO Access Income Fund

Large investors have recently modified their holdings of the stock. Creekmur Asset Management LLC purchased a new stake in shares of PIMCO Access Income Fund during the 4th quarter worth approximately $27,000. Belpointe Asset Management LLC purchased a new position in PIMCO Access Income Fund in the 4th quarter valued at approximately $147,000. Raymond James Financial Services Advisors Inc. purchased a new position in PIMCO Access Income Fund in the 4th quarter valued at approximately $166,000. Capital Investment Advisors LLC grew its stake in PIMCO Access Income Fund by 17.7% in the 3rd quarter. Capital Investment Advisors LLC now owns 13,300 shares of the company’s stock valued at $185,000 after buying an additional 2,000 shares in the last quarter. Finally, Carmel Capital Partners LLC purchased a new position in PIMCO Access Income Fund in the 3rd quarter valued at approximately $226,000.

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.