PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Stock Price Passes Below 200-Day Moving Average of $12.78

Shares of PIMCO Corporate & Income Strategy Fund (NYSE:PCN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.78 and traded as low as $12.67. PIMCO Corporate & Income Strategy Fund shares last traded at $12.77, with a volume of 227,786 shares trading hands.

PIMCO Corporate & Income Strategy Fund Trading Up 0.9 %

The business’s 50-day moving average price is $13.48 and its 200-day moving average price is $12.78.

PIMCO Corporate & Income Strategy Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 11th will be given a dividend of $0.112 per share. This represents a $1.34 annualized dividend and a yield of 10.52%. The ex-dividend date is Wednesday, April 10th.

Institutional Investors Weigh In On PIMCO Corporate & Income Strategy Fund

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new stake in PIMCO Corporate & Income Strategy Fund during the 4th quarter valued at approximately $11,382,000. Principal Securities Inc. acquired a new position in shares of PIMCO Corporate & Income Strategy Fund in the fourth quarter valued at approximately $8,430,000. Axxcess Wealth Management LLC raised its stake in shares of PIMCO Corporate & Income Strategy Fund by 321.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 489,179 shares of the investment management company’s stock worth $6,071,000 after purchasing an additional 372,994 shares during the last quarter. Elevated Capital Advisors LLC increased its stake in PIMCO Corporate & Income Strategy Fund by 7.1% in the 1st quarter. Elevated Capital Advisors LLC now owns 390,062 shares of the investment management company’s stock valued at $5,449,000 after buying an additional 25,883 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in PIMCO Corporate & Income Strategy Fund by 10.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 323,777 shares of the investment management company’s stock worth $3,940,000 after buying an additional 31,455 shares during 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.