Profit taking to take advantage of some losses

Yesterday I wrote how I closed out positions in two PIMCO funds. Specifically I closed out symbols PCKTX and PONPX. The money from those funds went into two closed end funds also from PIMCO. Those symbols are PCN and PFN. You can reference yesterday’s post for more details.

The value of those funds declined significantly over the last year so I had some losses I could use to offset profits from some positions that have done well. I sold some positions in the following companies.

  • Archer-Daniels-Midland (ADM)
  • Artesian Resources Corporation (ARTNA)
  • Cullen Frost (CFR)
  • Genuine Parts Company (GPC)
  • Johnson & Johnson (JNJ)
  • Nucor (NUE)

The profits from those positions went into some new companies I’m adding to my Medium Yield Portfolio. The new companies are:

  • Brandywine Realty (BDN)
  • Highwoods Properties (HIW)
  • Medical Properties Trust (MPW)
  • STORE Capital (STOR)
  • TC Energy (TRP)

Each of those companies have a dividend yield of over 5%. The profits will go towards increasing my annual income to where it was prior to my PCKTX debacle. Like I said yesterday, PCKTX hasn’t paid a distribution since December and I am investing for income today not 20 years down the line. Replacing the other PIMCO funds with the PIMCO closed end funds should give me solid monthly income while shifting some assets from lower yield stocks to higher yield stocks while maintaining a relatively safe dividend profile for that portfolio should leave me in a better position to not make so many changes over the course of the next year.

Cross your fingers!

Image by Gino Crescoli from Pixabay