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

Shares of PIMCO Corporate & Income Strategy Fund (NYSE:PCN) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $13.95 and traded as high as $14.01. PIMCO Corporate & Income Strategy Fund shares last traded at $13.86, with a volume of 205,305 shares traded.

PIMCO Corporate & Income Strategy Fund Price Performance

The business’s 50 day moving average is $13.94 and its 200 day moving average is $13.64.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.1125 per share. This represents a $1.35 dividend on an annualized basis and a dividend yield of 9.73%. The ex-dividend date is Thursday, December 12th.

Hedge Funds Weigh In On PIMCO Corporate & Income Strategy Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in PIMCO Corporate & Income Strategy Fund by 1,356.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,205,673 shares of the investment management company’s stock valued at $17,108,000 after purchasing an additional 1,122,875 shares during the last quarter. Insigneo Advisory Services LLC acquired a new stake in shares of PIMCO Corporate & Income Strategy Fund during the second quarter worth about $3,265,000. GHE LLC boosted its position in PIMCO Corporate & Income Strategy Fund by 48.4% in the third quarter. GHE LLC now owns 456,055 shares of the investment management company’s stock valued at $6,471,000 after buying an additional 148,651 shares during the last quarter. Consolidated Portfolio Review Corp acquired a new position in PIMCO Corporate & Income Strategy Fund in the 2nd quarter worth approximately $1,713,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in PIMCO Corporate & Income Strategy Fund by 32.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 393,996 shares of the investment management company’s stock worth $5,205,000 after buying an additional 95,482 shares during the last quarter.

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.