PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Shares Pass Below 200 Day Moving Average – What’s Next?

PIMCO Corporate & Income Strategy Fund (NYSE:PCN – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.97 and traded as low as $11.64. PIMCO Corporate & Income Strategy Fund shares last traded at $11.7050, with a volume of 324,672 shares.

PIMCO Corporate & Income Strategy Fund Stock Performance

The firm’s fifty day simple moving average is $11.76 and its two-hundred day simple moving average is $11.97.

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PIMCO Corporate & Income Strategy Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be paid a dividend of $0.1125 per share. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%.

Institutional Trading of PIMCO Corporate & Income Strategy Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in PCN. Vermillion & White Wealth Management Group LLC bought a new position in PIMCO Corporate & Income Strategy Fund during the fourth quarter valued at $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. BOK Financial Private Wealth Inc. purchased a new stake in shares of PIMCO Corporate & Income Strategy Fund during the 2nd quarter valued at about $41,000. Wilmington Savings Fund Society FSB raised its position in shares of 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 valued at $53,000 after buying an additional 2,000 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of PIMCO Corporate & Income Strategy Fund in the 2nd quarter valued at about $63,000.

PIMCO Corporate & Income Strategy Fund Company Profile

(Get Free Report)

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.

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