PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Stock Crosses Above 200-Day Moving Average on Insider Selling

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) passed above its 200-day moving average during trading on Monday following insider buying activity. The stock has a 200-day moving average of $20.93 and traded as high as $21.10. PIMCO Dynamic Income Strategy Fund shares last traded at $20.9650, with a volume of 321,292 shares traded.

PIMCO Dynamic Income Strategy Fund Trading Up 0.6%

The firm’s 50 day moving average is $20.88 and its 200 day moving average is $20.93.

PIMCO Dynamic Income Strategy Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Tuesday, October 13th will be paid a dividend of $0.1530 per share. This is an increase from PIMCO Dynamic Income Strategy Fund’s previous monthly dividend of $0.1334. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 8.8%.

Institutional Trading of PIMCO Dynamic Income Strategy Fund

A number of institutional investors have recently bought and sold shares of PDX. Kestra Advisory Services LLC bought a new stake in PIMCO Dynamic Income Strategy Fund during the third quarter worth approximately $625,000. Commonwealth Equity Services LLC grew its position in PIMCO Dynamic Income Strategy Fund by 6.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 15,083 shares of the company’s stock worth $306,000 after purchasing an additional 946 shares during the last quarter. City of London Investment Management Co. Ltd. grew its position in PIMCO Dynamic Income Strategy Fund by 19.1% during the third quarter. City of London Investment Management Co. Ltd. now owns 313,738 shares of the company’s stock worth $6,369,000 after buying an additional 50,313 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its position in shares of PIMCO Dynamic Income Strategy Fund by 66.3% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,509 shares of the company’s stock worth $51,000 after acquiring an additional 1,000 shares during the period. Finally, Root Financial Partners LLC bought a new stake in shares of PIMCO Dynamic Income Strategy Fund in the 3rd quarter worth approximately $25,000.

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide current income as its primary investment objective, with capital appreciation as a secondary objective.

PDX invests in a diversified portfolio of income-producing assets across global fixed-income and credit markets. Its holdings may include corporate debt, high-yield bonds, bank loans, emerging-market debt, structured credit and other income-oriented securities.