Insider Buying: Allianzgi NFJ Dividend int & Prm Stgy Fd (NFJ) Insider Purchases 17,500 Shares of Stock

Allianzgi NFJ Dividend int & Prm Stgy Fd (NYSE:NFJ) insider Jeffrey D. Parker bought 17,500 shares of Allianzgi NFJ Dividend int & Prm Stgy Fd stock in a transaction dated Wednesday, December 20th. The shares were acquired at an average cost of $13.43 per share, with a total value of $235,025.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Allianzgi NFJ Dividend int & Prm Stgy Fd (NYSE:NFJ) traded up $0.06 during mid-day trading on Friday, hitting $13.43. The stock had a trading volume of 358,100 shares, compared to its average volume of 228,813. Allianzgi NFJ Dividend int & Prm Stgy Fd has a twelve month low of $12.54 and a twelve month high of $13.66.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Tuesday, December 26th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 6.70%. The ex-dividend date is Friday, December 22nd.

Several hedge funds have recently made changes to their positions in NFJ. First Trust Advisors LP raised its stake in shares of Allianzgi NFJ Dividend int & Prm Stgy Fd by 12.8% during the 2nd quarter. First Trust Advisors LP now owns 138,545 shares of the investment management company’s stock worth $1,814,000 after buying an additional 15,719 shares during the period. Girard Partners LTD. acquired a new position in Allianzgi NFJ Dividend int & Prm Stgy Fd in the 2nd quarter valued at $407,000. Oppenheimer & Co. Inc. raised its stake in Allianzgi NFJ Dividend int & Prm Stgy Fd by 11.3% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 15,463 shares of the investment management company’s stock valued at $202,000 after purchasing an additional 1,572 shares during the last quarter. Wells Fargo & Company MN raised its stake in Allianzgi NFJ Dividend int & Prm Stgy Fd by 7.4% in the 2nd quarter. Wells Fargo & Company MN now owns 443,275 shares of the investment management company’s stock valued at $5,803,000 after purchasing an additional 30,441 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Allianzgi NFJ Dividend int & Prm Stgy Fd by 17.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 23,584 shares of the investment management company’s stock valued at $309,000 after purchasing an additional 3,542 shares during the last quarter.

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Allianzgi NFJ Dividend int & Prm Stgy Fd Company Profile

AllianzGI NFJ Dividend, Interest & Premium Strategy Fund is a diversified closed-end management investment company. The Fund’s primary investment objective is to seek current income and gains, with a secondary objective of long-term capital appreciation. It invests in a diversified portfolio of dividend-paying common stocks and income producing convertible securities.

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