PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Stock Crosses Below 200-Day Moving Average – Here’s Why

Shares of PIMCO Corporate & Income Strategy Fund (NYSE:PCN) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.83 and traded as low as $11.85. PIMCO Corporate & Income Strategy Fund shares last traded at $11.9150, with a volume of 501,461 shares traded.

PIMCO Corporate & Income Strategy Fund Trading Down 1.1%

The business’s fifty day moving average is $12.63 and its 200 day moving average is $12.83.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be paid a $0.1125 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a c) annualized dividend and a dividend yield of 11.3%.

Institutional Trading of PIMCO Corporate & Income Strategy Fund

A number of institutional investors have recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC bought a new position in shares of PIMCO Corporate & Income Strategy Fund during the fourth quarter worth about $26,000. Parallel Advisors LLC acquired a new stake in PIMCO Corporate & Income Strategy Fund in the 3rd quarter valued at approximately $27,000. Aspect Partners LLC bought a new stake in PIMCO Corporate & Income Strategy Fund in the 3rd quarter valued at approximately $39,000. Fifth Third Bancorp acquired a new position in PIMCO Corporate & Income Strategy Fund during the 3rd quarter worth approximately $40,000. Finally, Wilmington Savings Fund Society FSB boosted its position in PIMCO Corporate & Income Strategy Fund by 91.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,192 shares of the investment management company’s stock worth $53,000 after acquiring an additional 2,000 shares during the last quarter.

PIMCO Corporate & Income Strategy Fund Company Profile

PIMCO Corporate & Income Strategy Fund (NYSE: PCN) is a diversified, closed-end management investment company that seeks to maximize current income while preserving capital and, secondarily, achieving long-term growth of capital. Listed on the New York Stock Exchange, the fund provides investors with actively managed exposure to global fixed-income markets through a pooled vehicle structure that can trade at premiums or discounts to net asset value.

The fund pursues its income objective by investing primarily in U.S.