PIMCO Dynamic Credit Income Fund (PCI) : Thomas J. Herzfeld Advisors reduced its stake in PIMCO Dynamic Credit Income Fund by 27.57% during the most recent quarter end. The investment management company now holds a total of 226,485 shares of PIMCO Dynamic Credit Income Fund which is valued at $4.1 Million after selling 86,205 shares in PIMCO Dynamic Credit Income Fund , the firm said in a disclosure report filed with the SEC on May 13, 2016.PIMCO Dynamic Credit Income Fund makes up approximately 2.16% of Thomas J. Herzfeld Advisors’s portfolio.
Other Hedge Funds, Including , Baird Financial Group boosted its stake in PCI in the latest quarter, The investment management firm added 1,208 additional shares and now holds a total of 46,672 shares of PIMCO Dynamic Credit Income Fund which is valued at $853,164. PIMCO Dynamic Credit Income Fund makes up approx 0.01% of Baird Financial Group’s portfolio. Financial Architects Inc added PCI to its portfolio by purchasing 297 company shares during the most recent quarter which is valued at $5,429.Cabot Wealth Management Inc reduced its stake in PCI by selling 33 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 19,762 shares of PCI which is valued at $361,249. PIMCO Dynamic Credit Income Fund makes up approx 0.10% of Cabot Wealth Management Inc’s portfolio. Ausdal Financial Partners sold out all of its stake in PCI during the most recent quarter. The investment firm sold 516 shares of PCI which is valued $9,505.
PIMCO Dynamic Credit Income Fund (the Fund) is a non-diversified closed-end management investment company. The Fund’s investment objective is to seek current income. Capital appreciation is a secondary objective of the Fund. The Fund will invest at least 50% of its net assets in corporate income-producing securities of varying maturities issued by United States or foreign (non-United States) corporations or other business entities including emerging market issuers. It will invest at least 80% of its net assets in a portfolio of debt instruments of varying maturities. The Fund may also invest up to 40% of its total assets in securities of issuers economically tied to emerging market countries. Its portfolio of investments includes banks utilities wireless pipelines independent E&P integrated oil non-captive consumer finance chemicals broadcasting and brokerage among others. Pacific Investment Management Company LLC (PIMCO) is the Fund’s investment manager.