PGP: Fails To Live Up To Its Potential And Is Not Worth The Current Price [Seeking Alpha]
Pimco Global Stocksplus & Income Fund Pimco Global StocksPlus & Income Fund Common Shares of Beneficial Interest (PGP)
US:NYSE Investor Relations:
pimco.com/en-us/investments/closed-end-funds/global-stocksplus-income-fund
Company Research
Source: Seeking Alpha
Despite its hybrid label, PGP's portfolio is overwhelmingly fixed income, with minimal equity exposure that appears to come from debt restructurings. PGP trades at a 3.1% premium to NAV, making it the most expensive among peers, despite being the worst long-term performer. With an 8.98% yield, PGP covers distributions solely with net investment income and net realized gains, which is nice. Given the PGP fund's poor performance record versus its peers, the current valuation is not justified. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. Learn More » J Studios/DigitalVision via Getty Images The PIMCO Global StocksPLUS and Income Fund ( PGP ) is a closed-end fund, or CEF, that aims to provide investors with a high level of current income along with a superior total return than a bond More on my IG service At Energy Profits in Dividends, we seek to generate a 7%+ income yield by i
Show less
Read more
Impact Snapshot
Event Time:
PGP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PGP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PGP alerts
High impacting Pimco Global Stocksplus & Income Fund Pimco Global StocksPlus & Income Fund Common Shares of Beneficial Interest news events
Weekly update
A roundup of the hottest topics