Centaurus Financial Inc. increased its holdings in PIMCO Dynamic Credit (NYSE:PCI) by 18.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,723 shares of the company’s stock after buying an additional 2,602 shares during the period. Centaurus Financial Inc.’s holdings in PIMCO Dynamic Credit were worth $383,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. SeaCrest Wealth Management LLC purchased a new stake in shares of PIMCO Dynamic Credit in the 4th quarter worth about $470,000. Wedbush Securities Inc. boosted its position in shares of PIMCO Dynamic Credit by 34.5% in the 4th quarter. Wedbush Securities Inc. now owns 68,152 shares of the company’s stock worth $1,529,000 after buying an additional 17,486 shares in the last quarter. Mutual Advisors LLC purchased a new stake in shares of PIMCO Dynamic Credit in the 4th quarter worth about $260,000. Bessemer Group Inc. boosted its position in shares of PIMCO Dynamic Credit by 31.1% in the 4th quarter. Bessemer Group Inc. now owns 697,203 shares of the company’s stock worth $15,646,000 after buying an additional 165,400 shares in the last quarter. Finally, BKD Wealth Advisors LLC purchased a new stake in shares of PIMCO Dynamic Credit in the 4th quarter worth about $393,000.
PIMCO Dynamic Credit opened at $22.73 on Friday, MarketBeat Ratings reports. PIMCO Dynamic Credit has a 52 week low of $21.59 and a 52 week high of $23.53.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 11th will be given a $0.1641 dividend. The ex-dividend date is Thursday, May 10th. This represents a $1.97 annualized dividend and a dividend yield of 8.66%.
PIMCO Dynamic Credit Profile
PIMCO Dynamic Credit and Mortgage Income Fund, formerly PIMCO Dynamic Credit Income Fund, is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income and capital appreciation is the secondary objective. It will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of mortgage-related securities and other debt instruments of varying maturities.
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