PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Shares Up 0.2% – Time to Buy?

Shares of PIMCO Dynamic Income Strategy Fund (NYSE:PDX) shot up 0.2% on Thursday . The stock traded as high as $21.78 and last traded at $21.4980. 79,189 shares were traded during mid-day trading, a decline of 41% from the average session volume of 134,999 shares. The stock had previously closed at $21.46.

PIMCO Dynamic Income Strategy Fund Trading Up 0.2%

The business’s 50-day moving average price is $21.21 and its 200-day moving average price is $20.77.

PIMCO Dynamic Income Strategy Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Monday, July 13th will be paid a dividend of $0.1334 per share. The ex-dividend date is Monday, July 13th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

Insider Buying and Selling at PIMCO Dynamic Income Strategy Fund

In other PIMCO Dynamic Income Strategy Fund news, insider Greg Elliot Sharenow acquired 13,046 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average cost of $21.66 per share, for a total transaction of $282,576.36. Following the completion of the purchase, the insider owned 39,331 shares in the company, valued at $851,909.46. This trade represents a 49.63% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel J. Ivascyn bought 28,779 shares of PIMCO Dynamic Income Strategy Fund stock in a transaction dated Monday, April 27th. The stock was acquired at an average cost of $20.58 per share, with a total value of $592,271.82. Following the completion of the acquisition, the insider directly owned 2,118,504 shares of the company’s stock, valued at approximately $43,598,812.32. The trade was a 1.38% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 51,598 shares of company stock worth $1,085,738 over the last three months.

Hedge Funds Weigh In On PIMCO Dynamic Income Strategy Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Flatrock Wealth Partners LLC purchased a new stake in shares of PIMCO Dynamic Income Strategy Fund during the first quarter worth approximately $301,000. Abel Hall LLC purchased a new position in PIMCO Dynamic Income Strategy Fund in the 1st quarter valued at $331,000. Rareview Capital LLC grew its position in PIMCO Dynamic Income Strategy Fund by 20.8% in the 1st quarter. Rareview Capital LLC now owns 90,004 shares of the company’s stock valued at $1,985,000 after buying an additional 15,494 shares during the last quarter. Evolve Private Wealth LLC increased its stake in PIMCO Dynamic Income Strategy Fund by 27.7% in the 1st quarter. Evolve Private Wealth LLC now owns 23,945 shares of the company’s stock valued at $528,000 after buying an additional 5,190 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in PIMCO Dynamic Income Strategy Fund by 12.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 67,920 shares of the company’s stock valued at $1,276,000 after buying an additional 7,261 shares during the period.

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.