PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Trading 1.7% Higher – Here’s What Happened

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) shares were up 1.7% on Wednesday . The company traded as high as $22.27 and last traded at $22.2150. Approximately 187,894 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 185,260 shares. The stock had previously closed at $21.84.

PIMCO Dynamic Income Strategy Fund Stock Down 0.1%

The stock’s fifty day moving average price is $20.39 and its 200 day moving average price is $21.49.

PIMCO Dynamic Income Strategy Fund Announces Dividend

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 given a dividend of $0.1334 per share. The ex-dividend date is Thursday, March 12th. This represents a c) dividend on an annualized basis and a yield of 7.3%.

Insider Transactions at PIMCO Dynamic Income Strategy Fund

In other news, major shareholder Saba Capital Management, L.P. sold 2,200 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $20.69, for a total value of $45,518.00. Following the completion of the transaction, the insider directly owned 6,416,087 shares in the company, valued at approximately $132,748,840.03. This represents a 0.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 380,043 shares of company stock worth $7,681,041 over the last three months.

Hedge Funds Weigh In On PIMCO Dynamic Income Strategy Fund

A number of large investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. lifted its position 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 worth $1,276,000 after buying an additional 7,261 shares during the last quarter. CFO Capital Management LLC purchased a new stake in PIMCO Dynamic Income Strategy Fund in the fourth quarter worth approximately $801,000. Virtu Financial LLC purchased a new position in shares of PIMCO Dynamic Income Strategy Fund during the fourth quarter worth approximately $340,000. Invesco Ltd. lifted its holdings in shares of PIMCO Dynamic Income Strategy Fund by 11.2% in the 4th quarter. Invesco Ltd. now owns 57,140 shares of the company’s stock worth $1,073,000 after acquiring an additional 5,739 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of PIMCO Dynamic Income Strategy Fund in the 4th quarter worth approximately $286,000.

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.