PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Stock Price Down 0.8% Following Insider Selling

Shares of PIMCO Dynamic Income Strategy Fund (NYSE:PDX) traded down 0.8% during trading on Tuesday following insider selling activity. The company traded as low as $20.01 and last traded at $20.1050. 134,505 shares were traded during trading, a decline of 33% from the average session volume of 200,558 shares. The stock had previously closed at $20.27.

Specifically, major shareholder Saba Capital Management, L.P. sold 20,300 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $20.26, for a total value of $411,278.00. Following the completion of the transaction, the insider owned 6,479,874 shares in the company, valued at $131,282,247.24. This represents a 0.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Saba Capital Management, L.P. sold 28,460 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $20.34, for a total value of $578,876.40. Following the sale, the insider directly owned 6,500,174 shares of the company’s stock, valued at approximately $132,213,539.16. This represents a 0.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In other news, major shareholder Saba Capital Management, L.P. sold 28,531 shares of PIMCO Dynamic Income Strategy Fund stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $20.37, for a total transaction of $581,176.47. Following the sale, the insider directly owned 6,528,634 shares in the company, valued at $132,988,274.58. The trade was a 0.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

PIMCO Dynamic Income Strategy Fund Trading Down 0.8%

The business’s fifty day moving average is $20.01 and its 200-day moving average is $22.04.

PIMCO Dynamic Income Strategy Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 12th will be paid a dividend of $0.1334 per share. The ex-dividend date is Thursday, February 12th. This represents a c) annualized dividend and a dividend yield of 8.0%.

Institutional Investors Weigh In On PIMCO Dynamic Income Strategy Fund

Hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. increased its position in PIMCO Dynamic Income Strategy Fund by 19.3% in the second quarter. Osaic Holdings Inc. now owns 68,051 shares of the company’s stock worth $1,678,000 after buying an additional 10,993 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in PIMCO Dynamic Income Strategy Fund by 14.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 22,573 shares of the company’s stock worth $563,000 after acquiring an additional 2,929 shares during the last quarter. Hollencrest Capital Management raised its stake in PIMCO Dynamic Income Strategy Fund by 1.9% in the 3rd quarter. Hollencrest Capital Management now owns 476,886 shares of the company’s stock valued at $11,889,000 after acquiring an additional 8,754 shares during the period. Envestnet Asset Management Inc. lifted its holdings in PIMCO Dynamic Income Strategy Fund by 5.9% during the third quarter. Envestnet Asset Management Inc. now owns 876,569 shares of the company’s stock valued at $21,853,000 after purchasing an additional 48,566 shares during the last quarter. Finally, Savvy Advisors Inc. purchased a new stake in PIMCO Dynamic Income Strategy Fund during the third quarter valued at about $376,000.

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.