PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Shares Pass Below Two Hundred Day Moving Average of $12.93

PIMCO Corporate & Income Strategy Fund (NYSE:PCN)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.93 and traded as low as $11.17. PIMCO Corporate & Income Strategy Fund shares last traded at $11.25, with a volume of 184,376 shares.

PIMCO Corporate & Income Strategy Fund Price Performance

The stock’s 50 day moving average price is $12.60 and its two-hundred day moving average price is $12.93.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 1st. Investors of record on Thursday, October 12th will be given a dividend of $0.112 per share. This represents a $1.34 dividend on an annualized basis and a yield of 11.95%. The ex-dividend date is Wednesday, October 11th.

Hedge Funds Weigh In On PIMCO Corporate & Income Strategy Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Advisory Services LLC bought a new position in PIMCO Corporate & Income Strategy Fund during the first quarter worth $35,000. Ahrens Investment Partners LLC bought a new stake in PIMCO Corporate & Income Strategy Fund in the 1st quarter valued at $35,000. CENTRAL TRUST Co bought a new stake in PIMCO Corporate & Income Strategy Fund in the 3rd quarter valued at $54,000. Rockefeller Capital Management L.P. increased its holdings in PIMCO Corporate & Income Strategy Fund by 114.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 7,013 shares of the investment management company’s stock valued at $83,000 after buying an additional 3,745 shares during the period. Finally, Captrust Financial Advisors bought a new stake in PIMCO Corporate & Income Strategy Fund in the 2nd quarter valued at $94,000.

About PIMCO Corporate & Income Strategy Fund

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.