Mcgowan Group Asset Management buys $34.3 Million stake in PIMCO Dynamic Credit Income Fund (PCI)

PIMCO Dynamic Credit Income Fund (PCI) : Mcgowan Group Asset Management scooped up 203,072 additional shares in PIMCO Dynamic Credit Income Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,874,789 shares of PIMCO Dynamic Credit Income Fund which is valued at $34.3 Million.PIMCO Dynamic Credit Income Fund makes up approximately 5.32% of Mcgowan Group Asset Management’s portfolio.

Other Hedge Funds, Including , Bessemer Group Inc boosted its stake in PCI in the latest quarter, The investment management firm added 40,000 additional shares and now holds a total of 1,440,000 shares of PIMCO Dynamic Credit Income Fund which is valued at $26.3 Million. PIMCO Dynamic Credit Income Fund makes up approx 0.15% of Bessemer Group Inc’s portfolio.Bruderman Asset Management boosted its stake in PCI in the latest quarter, The investment management firm added 1,820 additional shares and now holds a total of 18,971 shares of PIMCO Dynamic Credit Income Fund which is valued at $346,790. PIMCO Dynamic Credit Income Fund makes up approx 0.12% of Bruderman Asset Management’s portfolio. Rmb Capital Management added PCI to its portfolio by purchasing 432,685 company shares during the most recent quarter which is valued at $7.9 Million. PIMCO Dynamic Credit Income Fund makes up approx 0.58% of Rmb Capital Management’s portfolio. Newgate Capital Management sold out all of its stake in PCI during the most recent quarter. The investment firm sold 306,863 shares of PCI which is valued $5.6 Million.

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.

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