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

PIMCO Corporate & Income Strategy Fund (NYSE:PCN)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.76 and traded as low as $13.58. PIMCO Corporate & Income Strategy Fund shares last traded at $13.61, with a volume of 195,798 shares traded.

PIMCO Corporate & Income Strategy Fund Stock Performance

The firm has a 50-day simple moving average of $13.61 and a 200 day simple moving average of $13.76.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be paid a dividend of $0.1125 per share. This represents a $1.35 dividend on an annualized basis and a yield of 9.89%. The ex-dividend date is Thursday, March 13th.

Institutional Investors Weigh In On PIMCO Corporate & Income Strategy Fund

Several hedge funds have recently modified their holdings of PCN. Wealth Enhancement Advisory Services LLC purchased a new position in shares of PIMCO Corporate & Income Strategy Fund during the 4th quarter worth approximately $145,000. GHE LLC grew its holdings in shares of PIMCO Corporate & Income Strategy Fund by 22.8% in the 4th quarter. GHE LLC now owns 560,056 shares of the investment management company’s stock worth $7,516,000 after acquiring an additional 104,001 shares during the period. Elequin Capital LP acquired a new position in PIMCO Corporate & Income Strategy Fund during the fourth quarter worth about $159,000. Focus Partners Wealth raised its position in shares of PIMCO Corporate & Income Strategy Fund by 39.9% in the fourth quarter. Focus Partners Wealth now owns 20,197 shares of the investment management company’s stock valued at $271,000 after buying an additional 5,763 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of PIMCO Corporate & Income Strategy Fund by 3.3% in the 4th quarter. Bank of America Corp DE now owns 231,858 shares of the investment management company’s stock valued at $3,112,000 after purchasing an additional 7,388 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.