PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $12.64 and traded as high as $12.67. PIMCO Corporate & Income Strategy Fund shares last traded at $12.62, with a volume of 262,627 shares trading hands.

PIMCO Corporate & Income Strategy Fund Stock Down 0.7%

The firm has a 50 day moving average price of $12.64 and a 200-day moving average price of $12.97.

PIMCO Corporate & Income Strategy Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be paid a $0.1125 dividend. This represents a c) annualized dividend and a dividend yield of 10.7%. The ex-dividend date is Monday, August 11th.

Institutional Trading of PIMCO Corporate & Income Strategy Fund

Several hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. raised its stake in PIMCO Corporate & Income Strategy Fund by 68.7% in the first quarter. Harbour Investments Inc. now owns 2,498 shares of the investment management company’s stock valued at $34,000 after buying an additional 1,017 shares in the last quarter. Assetmark Inc. acquired a new stake in PIMCO Corporate & Income Strategy Fund in the first quarter valued at $34,000. Ameritas Advisory Services LLC acquired a new stake in PIMCO Corporate & Income Strategy Fund in the second quarter valued at $40,000. NBC Securities Inc. raised its stake in PIMCO Corporate & Income Strategy Fund by 118,233.3% in the first quarter. NBC Securities Inc. now owns 7,100 shares of the investment management company’s stock valued at $96,000 after buying an additional 7,094 shares in the last quarter. Finally, Keystone Financial Group acquired a new stake in PIMCO Corporate & Income Strategy Fund in the fourth quarter valued at $134,000.

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.