PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Stock Price Crosses Below 200 Day Moving Average of $12.76

Shares of PIMCO Corporate & Income Strategy Fund (NYSE:PCN – Get Rating) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.76 and traded as low as $12.55. PIMCO Corporate & Income Strategy Fund shares last traded at $12.60, with a volume of 87,470 shares changing hands.

PIMCO Corporate & Income Strategy Fund Trading Up 0.3 %

The firm has a fifty day simple moving average of $12.67 and a two-hundred day simple moving average of $12.76.

PIMCO Corporate & Income Strategy Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, May 11th will be paid a dividend of $0.112 per share. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 10.67%.

Hedge Funds Weigh In On PIMCO Corporate & Income Strategy Fund

Several large investors have recently made changes to their positions in PCN. Invesco Ltd. purchased a new stake in PIMCO Corporate & Income Strategy Fund in the 1st quarter worth $4,251,000. Penserra Capital Management LLC acquired a new stake in shares of PIMCO Corporate & Income Strategy Fund in the third quarter worth $1,535,000. Cyndeo Wealth Partners LLC acquired a new stake in PIMCO Corporate & Income Strategy Fund during the fourth quarter valued at $1,065,000. Guggenheim Capital LLC grew its position in shares of PIMCO Corporate & Income Strategy Fund by 49.4% in the first quarter. Guggenheim Capital LLC now owns 257,241 shares of the investment management company’s stock valued at $3,226,000 after purchasing an additional 85,021 shares during the period. Finally, Morgan Stanley lifted its stake in shares of PIMCO Corporate & Income Strategy Fund by 14.2% in the fourth quarter. Morgan Stanley now owns 610,169 shares of the investment management company’s stock worth $7,231,000 after buying an additional 76,041 shares in the last quarter.

PIMCO Corporate & Income Strategy Fund Company Profile

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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.