PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of PIMCO Corporate & Income Strategy Fund (NYSE:PCNGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.84 and traded as low as $12.58. PIMCO Corporate & Income Strategy Fund shares last traded at $12.5950, with a volume of 325,363 shares changing hands.

PIMCO Corporate & Income Strategy Fund Trading Down 0.0%

The stock’s fifty day simple moving average is $12.82 and its 200 day simple moving average is $12.84.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 11th will be issued a $0.1125 dividend. This represents a c) dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend is Thursday, December 11th.

Institutional Trading of PIMCO Corporate & Income Strategy Fund

Several hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC bought a new position in shares of PIMCO Corporate & Income Strategy Fund in the third quarter worth about $27,000. Aspect Partners LLC bought a new position in shares of PIMCO Corporate & Income Strategy Fund during the 3rd quarter valued at approximately $39,000. Fifth Third Bancorp purchased a new stake in PIMCO Corporate & Income Strategy Fund in the 3rd quarter worth approximately $40,000. Ameritas Advisory Services LLC bought a new stake in PIMCO Corporate & Income Strategy Fund during the 2nd quarter worth approximately $40,000. Finally, Atlantic Union Bankshares Corp bought a new stake in PIMCO Corporate & Income Strategy Fund during the 3rd quarter worth approximately $58,000.

About PIMCO Corporate & Income Strategy Fund

(Get Free Report)

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.

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