PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

PIMCO Corporate & Income Strategy Fund (NYSE:PCN)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.33 and traded as low as $11.63. PIMCO Corporate & Income Strategy Fund shares last traded at $11.7150, with a volume of 302,143 shares traded.

PIMCO Corporate & Income Strategy Fund Stock Performance

The company’s 50-day moving average price is $11.89 and its 200 day moving average price is $12.33.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th will be given a $0.1125 dividend. The ex-dividend date is Thursday, June 11th. This represents a c) annualized dividend and a yield of 11.5%.

Institutional Inflows and Outflows

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

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.