PIMCO Dynamic Credit Income Fund (PCI) : Edge Wealth Management reduced its stake in PIMCO Dynamic Credit Income Fund by 3.89% during the most recent quarter end. The investment management company now holds a total of 160,094 shares of PIMCO Dynamic Credit Income Fund which is valued at $3,221,091 after selling 6,486 shares in PIMCO Dynamic Credit Income Fund , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.PIMCO Dynamic Credit Income Fund makes up approximately 1.36% of Edge Wealth Management’s portfolio.
Other Hedge Funds, Including , First Premier Bank added PCI to its portfolio by purchasing 300 company shares during the most recent quarter which is valued at $6,036.Creative Planning boosted its stake in PCI in the latest quarter, The investment management firm added 376 additional shares and now holds a total of 32,459 shares of PIMCO Dynamic Credit Income Fund which is valued at $657,944. Trust Asset Management sold out all of its stake in PCI during the most recent quarter. The investment firm sold 223,368 shares of PCI which is valued $4,574,577.
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.