Shares of PIMCO Energy and Tactical Credit Opportunities Fund (NYSE:NRGX – Get Rating) traded down 0.7% during trading on Monday . The stock traded as low as $14.89 and last traded at $14.89. 34,598 shares were traded during trading, a decline of 51% from the average session volume of 70,793 shares. The stock had previously closed at $14.99.
PIMCO Energy and Tactical Credit Opportunities Fund Price Performance
The company's 50-day moving average is $14.95 and its 200 day moving average is $15.14.
Get PIMCO Energy and Tactical Credit Opportunities Fund alerts:PIMCO Energy and Tactical Credit Opportunities Fund Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 3rd. Stockholders of record on Monday, March 13th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, March 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.91%.
Institutional Investors Weigh In On PIMCO Energy and Tactical Credit Opportunities Fund
A number of institutional investors have recently added to or reduced their stakes in NRGX. Saba Capital Management L.P. raised its holdings in shares of PIMCO Energy and Tactical Credit Opportunities Fund by 61.1% during the 3rd quarter. Saba Capital Management L.P. now owns 2,228,685 shares of the company's stock worth $30,154,000 after acquiring an additional 845,028 shares during the period. UBS Group AG raised its holdings in shares of PIMCO Energy and Tactical Credit Opportunities Fund by 6.2% during the 4th quarter. UBS Group AG now owns 1,705,347 shares of the company's stock worth $25,478,000 after acquiring an additional 100,196 shares during the period. Atlas Wealth LLC purchased a new position in shares of PIMCO Energy and Tactical Credit Opportunities Fund during the 4th quarter worth $14,682,000. Allspring Global Investments Holdings LLC raised its holdings in shares of PIMCO Energy and Tactical Credit Opportunities Fund by 2.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 897,563 shares of the company's stock worth $13,104,000 after acquiring an additional 19,817 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. raised its holdings in shares of PIMCO Energy and Tactical Credit Opportunities Fund by 19.7% during the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 761,103 shares of the company's stock worth $10,298,000 after acquiring an additional 125,395 shares during the period. Institutional investors and hedge funds own 44.99% of the company's stock.
PIMCO Energy and Tactical Credit Opportunities Fund Company Profile
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Pimco Energy and Tactical Credit Opportunities Fund's primary investment objective is to seek total return, with a secondary objective to seek to provide high current income.
The fund will invest, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in investments linked to the energy sector and in investments linked to the credit sectors.
Under normal circumstances, the fund will invest, directly or indirectly, at least 66% of its net assets in energy investments.
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