PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Trading Up 0.2% After Dividend Announcement

PIMCO Dynamic Income Strategy Fund (NYSE:PDXGet Free Report) shares traded up 0.2% during mid-day trading on Monday after the company announced a dividend. The stock traded as high as $21.46 and last traded at $21.2610. 152,383 shares were traded during mid-day trading, a decline of 10% from the average session volume of 168,496 shares. The stock had previously closed at $21.21.

The newly announced dividend which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be issued a $0.1334 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) dividend on an annualized basis and a yield of 7.5%.

PIMCO Dynamic Income Strategy Fund Stock Up 0.2%

The business has a fifty day moving average of $20.87 and a 200 day moving average of $20.88.

Insider Activity at PIMCO Dynamic Income Strategy Fund

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. sold 2,200 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $20.69, for a total transaction of $45,518.00. Following the sale, the insider owned 6,416,087 shares in the company, valued at $132,748,840.03. This represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Daniel J. Ivascyn acquired 28,779 shares of the business’s stock in a transaction on Monday, April 27th. The shares were purchased at an average price of $20.58 per share, for a total transaction of $592,271.82. Following the purchase, the insider directly owned 2,118,504 shares of the company’s stock, valued at $43,598,812.32. This represents a 1.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 380,043 shares of company stock worth $7,681,041 in the last 90 days.

Institutional Trading of PIMCO Dynamic Income Strategy Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its holdings in PIMCO Dynamic Income Strategy Fund by 54.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 34,828 shares of the company’s stock worth $654,000 after buying an additional 12,255 shares in the last quarter. Stolper Co grew its holdings in PIMCO Dynamic Income Strategy Fund by 2.2% in the 4th quarter. Stolper Co now owns 24,444 shares of the company’s stock worth $459,000 after buying an additional 517 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in PIMCO Dynamic Income Strategy Fund in the 3rd quarter worth approximately $1,893,000. City of London Investment Management Co. Ltd. grew its holdings in PIMCO Dynamic Income Strategy Fund by 10.0% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 335,184 shares of the company’s stock worth $8,356,000 after buying an additional 30,350 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC bought a new position in PIMCO Dynamic Income Strategy Fund in the 3rd quarter worth approximately $395,000.

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.

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