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

PIMCO Corporate & Income Strategy Fund (NYSE:PCN)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.85 and traded as low as $12.82. PIMCO Corporate & Income Strategy Fund shares last traded at $12.8250, with a volume of 364,155 shares.

PIMCO Corporate & Income Strategy Fund Price Performance

The firm has a 50-day simple moving average of $12.70 and a 200 day simple moving average of $12.85.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Tuesday, January 13th will be issued a dividend of $0.1125 per share. This represents a c) annualized dividend and a dividend yield of 10.5%. The ex-dividend date is Tuesday, January 13th.

Institutional Trading of PIMCO Corporate & Income Strategy Fund

Several large investors have recently bought and sold shares of PCN. Mission Hills Financial Advisory LLC raised its position in shares of PIMCO Corporate & Income Strategy Fund by 12.4% in the 3rd quarter. Mission Hills Financial Advisory LLC now owns 1,179,322 shares of the investment management company’s stock valued at $15,779,000 after purchasing an additional 129,950 shares in the last quarter. Consolidated Portfolio Review Corp increased its stake in shares of PIMCO Corporate & Income Strategy Fund by 98.4% in the second quarter. Consolidated Portfolio Review Corp now owns 246,428 shares of the investment management company’s stock worth $3,127,000 after buying an additional 122,248 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in PIMCO Corporate & Income Strategy Fund in the second quarter valued at $1,463,000. AG Asset Advisory LLC bought a new position in PIMCO Corporate & Income Strategy Fund during the 3rd quarter valued at $1,222,000. Finally, Arlington Capital Management Inc. bought a new position in PIMCO Corporate & Income Strategy Fund during the 2nd quarter valued at $971,000.

About PIMCO Corporate & Income Strategy Fund

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.