PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of PIMCO Corporate & Income Strategy Fund (NYSE:PCN) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $12.67 and traded as high as $12.81. PIMCO Corporate & Income Strategy Fund shares last traded at $12.7950, with a volume of 308,653 shares.

PIMCO Corporate & Income Strategy Fund Trading Down 0.0%

The stock has a 50-day moving average price of $12.67 and a two-hundred day moving average price of $12.86.

PIMCO Corporate & Income Strategy Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Stockholders 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 10.6%. The ex-dividend date of this dividend is Tuesday, January 13th.

Institutional Investors Weigh In On PIMCO Corporate & Income Strategy Fund

Several large investors have recently bought and sold shares of the business. Insigneo Advisory Services LLC raised its position in shares of PIMCO Corporate & Income Strategy Fund by 0.8% during the 2nd quarter. Insigneo Advisory Services LLC now owns 250,700 shares of the investment management company’s stock valued at $3,181,000 after buying an additional 2,000 shares in the last quarter. Cetera Investment Advisers increased its stake in PIMCO Corporate & Income Strategy Fund by 5.2% during the second quarter. Cetera Investment Advisers now owns 302,009 shares of the investment management company’s stock worth $3,832,000 after acquiring an additional 15,014 shares during the last quarter. Westbourne Investment Advisors Inc. purchased a new stake in PIMCO Corporate & Income Strategy Fund during the second quarter valued at approximately $558,000. Prospera Financial Services Inc raised its position in PIMCO Corporate & Income Strategy Fund by 6.6% during the second quarter. Prospera Financial Services Inc now owns 175,968 shares of the investment management company’s stock valued at $2,233,000 after purchasing an additional 10,950 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of PIMCO Corporate & Income Strategy Fund by 1.6% in the 2nd quarter. International Assets Investment Management LLC now owns 79,503 shares of the investment management company’s stock valued at $1,009,000 after purchasing an additional 1,244 shares during the last quarter.

PIMCO Corporate & Income Strategy Fund Company Profile

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.