PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

PIMCO Corporate & Income Strategy Fund (NYSE:PCN)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.68 and traded as low as $12.02. PIMCO Corporate & Income Strategy Fund shares last traded at $12.25, with a volume of 432,026 shares.

PIMCO Corporate & Income Strategy Fund Stock Up 0.7 %

The stock has a fifty day moving average of $13.43 and a 200 day moving average of $13.67.

PIMCO Corporate & Income Strategy Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Friday, April 11th will be paid a dividend of $0.1125 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 10.94%.

Institutional Trading of PIMCO Corporate & Income Strategy Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Consolidated Portfolio Review Corp grew its holdings in PIMCO Corporate & Income Strategy Fund by 1.1% during the 4th quarter. Consolidated Portfolio Review Corp now owns 133,720 shares of the investment management company’s stock valued at $1,795,000 after buying an additional 1,488 shares in the last quarter. IHT Wealth Management LLC increased its holdings in PIMCO Corporate & Income Strategy Fund by 14.0% in the 4th quarter. IHT Wealth Management LLC now owns 14,950 shares of the investment management company’s stock valued at $201,000 after acquiring an additional 1,841 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in PIMCO Corporate & Income Strategy Fund in the 3rd quarter worth $28,000. Janney Montgomery Scott LLC boosted its holdings in shares of PIMCO Corporate & Income Strategy Fund by 3.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 85,513 shares of the investment management company’s stock valued at $1,148,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Stifel Financial Corp grew its position in shares of PIMCO Corporate & Income Strategy Fund by 17.0% during the third quarter. Stifel Financial Corp now owns 22,075 shares of the investment management company’s stock valued at $313,000 after purchasing an additional 3,204 shares in the last quarter.

PIMCO Corporate & Income Strategy Fund Company Profile

PIMCO Corporate & Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors.