PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Trading Up 0.4% – Still a Buy?

Shares of PIMCO Dynamic Income Strategy Fund (NYSE:PDX) traded up 0.4% on Wednesday . The company traded as high as $21.00 and last traded at $20.9430. 98,717 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 142,356 shares. The stock had previously closed at $20.86.

PIMCO Dynamic Income Strategy Fund Trading Down 0.4%

The firm’s 50 day simple moving average is $21.14 and its 200-day simple moving average is $20.72.

PIMCO Dynamic Income Strategy Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be given a dividend of $0.1334 per share. The ex-dividend date is Thursday, June 11th. This represents a c) dividend on an annualized basis and a yield of 7.7%.

Insider Transactions at PIMCO Dynamic Income Strategy Fund

In other PIMCO Dynamic Income Strategy Fund news, insider Daniel J. Ivascyn acquired 28,779 shares of the business’s stock in a transaction on Monday, April 27th. The stock was bought at an average price of $20.58 per share, for a total transaction of $592,271.82. Following the acquisition, the insider owned 2,118,504 shares in the company, valued at approximately $43,598,812.32. The trade was a 1.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Greg Elliot Sharenow bought 4,773 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was acquired at an average cost of $21.63 per share, for a total transaction of $103,239.99. Following the completion of the purchase, the insider directly owned 44,104 shares in the company, valued at approximately $953,969.52. This represents a 12.14% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 51,598 shares of company stock valued at $1,085,738.

Institutional Trading of PIMCO Dynamic Income Strategy Fund

Large investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new position in shares of PIMCO Dynamic Income Strategy Fund during the 4th quarter valued at about $60,000. Lloyd Advisory Services LLC. acquired a new stake in PIMCO Dynamic Income Strategy Fund during the fourth quarter worth about $114,000. Susquehanna International Group LLP acquired a new stake in PIMCO Dynamic Income Strategy Fund during the third quarter worth about $255,000. Spirepoint Private Client LLC purchased a new position in PIMCO Dynamic Income Strategy Fund during the fourth quarter worth about $194,000. Finally, Arkadios Wealth Advisors purchased a new position in PIMCO Dynamic Income Strategy Fund during the fourth quarter worth about $225,000.

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) is a diversified, closed-end management investment company advised by Pacific Investment Management Company LLC (PIMCO). Launched in 2011, the fund seeks to deliver high current income and capital appreciation by investing in a broad range of fixed income securities. As a closed-end vehicle, PDX trades on the NYSE and employs leverage to enhance its income potential, while adhering to its investment objective under varying market conditions.

The fund’s strategy centers on a flexible allocation among global debt markets, encompassing investment-grade and high-yield corporate bonds, U.S.