Cambridge Investment Research Advisors Inc. Purchases 48,204 Shares of PIMCO Dynamic Credit (PCI)

Cambridge Investment Research Advisors Inc. lifted its position in shares of PIMCO Dynamic Credit (NYSE:PCI) by 25.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,241 shares of the company’s stock after purchasing an additional 48,204 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.18% of PIMCO Dynamic Credit worth $5,520,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PCI. Bank of Montreal Can lifted its position in shares of PIMCO Dynamic Credit by 3.0% during the fourth quarter. Bank of Montreal Can now owns 985,570 shares of the company’s stock worth $22,116,000 after purchasing an additional 28,620 shares in the last quarter. Webster Bank N. A. acquired a new position in shares of PIMCO Dynamic Credit during the fourth quarter worth $168,000. Summit X LLC acquired a new position in shares of PIMCO Dynamic Credit during the fourth quarter worth $1,108,000. Bessemer Group Inc. lifted its position in shares of PIMCO Dynamic Credit by 31.1% during the fourth quarter. Bessemer Group Inc. now owns 697,203 shares of the company’s stock worth $15,646,000 after purchasing an additional 165,400 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of PIMCO Dynamic Credit by 26.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 368,871 shares of the company’s stock worth $8,278,000 after purchasing an additional 77,872 shares in the last quarter.

NYSE PCI opened at $23.20 on Tuesday. PIMCO Dynamic Credit has a 52 week low of $21.61 and a 52 week high of $23.53.



The company also recently announced a monthly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 11th will be given a dividend of $0.1641 per share. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $1.97 dividend on an annualized basis and a dividend yield of 8.49%.

About PIMCO Dynamic Credit

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.

Institutional Ownership by Quarter for PIMCO Dynamic Credit (NYSE:PCI)

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