Stratos Wealth Partners LTD. Raises Position in Pimco Dynamic Credit and Mortgg Incm Fnd (PCI)

Stratos Wealth Partners LTD. boosted its position in Pimco Dynamic Credit and Mortgg Incm Fnd (NYSE:PCI) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,783 shares of the company’s stock after buying an additional 1,559 shares during the period. Stratos Wealth Partners LTD.’s holdings in Pimco Dynamic Credit and Mortgg Incm Fnd were worth $665,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Howland Capital Management LLC increased its position in Pimco Dynamic Credit and Mortgg Incm Fnd by 0.8% in the second quarter. Howland Capital Management LLC now owns 905,031 shares of the company’s stock worth $20,200,000 after buying an additional 6,985 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Pimco Dynamic Credit and Mortgg Incm Fnd by 26.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,540 shares of the company’s stock worth $101,000 after buying an additional 950 shares during the last quarter. Harbour Capital Advisors LLC increased its position in Pimco Dynamic Credit and Mortgg Incm Fnd by 2,131.9% in the second quarter. Harbour Capital Advisors LLC now owns 12,298 shares of the company’s stock worth $551,000 after buying an additional 11,747 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Pimco Dynamic Credit and Mortgg Incm Fnd by 0.6% in the second quarter. Janney Montgomery Scott LLC now owns 20,168 shares of the company’s stock worth $450,000 after buying an additional 114 shares during the last quarter.

Pimco Dynamic Credit and Mortgg Incm Fnd (NYSE PCI) traded down 0.58% on Wednesday, hitting $22.29. The company had a trading volume of 544,292 shares. Pimco Dynamic Credit and Mortgg Incm Fnd has a one year low of $18.90 and a one year high of $23.17. The stock’s 50-day moving average price is $22.58 and its 200 day moving average price is $21.78.

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be issued a dividend of $0.1641 per share. This represents a $1.97 annualized dividend and a yield of 8.83%. The ex-dividend date is Wednesday, August 9th.

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About Pimco Dynamic Credit and Mortgg Incm Fnd

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.