Belpointe Asset Management LLC Invests $243,000 in Pimco Dynamic Credit and Mortgg Incm Fnd (PCI)

Belpointe Asset Management LLC acquired a new stake in shares of Pimco Dynamic Credit and Mortgg Incm Fnd (NYSE:PCI) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 10,538 shares of the company’s stock, valued at approximately $243,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FTB Advisors Inc. boosted its stake in shares of Pimco Dynamic Credit and Mortgg Incm Fnd by 39.2% during the second quarter. FTB Advisors Inc. now owns 8,575 shares of the company’s stock valued at $192,000 after purchasing an additional 2,416 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of Pimco Dynamic Credit and Mortgg Incm Fnd during the second quarter valued at approximately $210,000. MML Investors Services LLC boosted its stake in shares of Pimco Dynamic Credit and Mortgg Incm Fnd by 15.9% during the second quarter. MML Investors Services LLC now owns 12,011 shares of the company’s stock valued at $268,000 after purchasing an additional 1,649 shares in the last quarter. First Allied Advisory Services Inc. boosted its stake in shares of Pimco Dynamic Credit and Mortgg Incm Fnd by 24.8% during the second quarter. First Allied Advisory Services Inc. now owns 12,215 shares of the company’s stock valued at $274,000 after purchasing an additional 2,428 shares in the last quarter. Finally, Fiduciary Group LLC boosted its stake in shares of Pimco Dynamic Credit and Mortgg Incm Fnd by 24.3% during the third quarter. Fiduciary Group LLC now owns 12,800 shares of the company’s stock valued at $295,000 after purchasing an additional 2,500 shares in the last quarter.

Pimco Dynamic Credit and Mortgg Incm Fnd (NYSE:PCI) traded down $0.12 during trading hours on Monday, reaching $22.28. 636,400 shares of the company were exchanged, compared to its average volume of 584,312. Pimco Dynamic Credit and Mortgg Incm Fnd has a 12 month low of $19.81 and a 12 month high of $23.45.

The company also recently announced a monthly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 11th will be given a dividend of $0.1641 per share. The ex-dividend date is Friday, December 8th. This represents a $1.97 dividend on an annualized basis and a yield of 8.84%.

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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.

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Institutional Ownership by Quarter for Pimco Dynamic Credit and Mortgg Incm Fnd (NYSE:PCI)

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