PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Stock Price Up 0.1% – Still a Buy?

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) rose 0.1% during mid-day trading on Monday . The stock traded as high as $21.90 and last traded at $21.68. Approximately 93,316 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 152,279 shares. The stock had previously closed at $21.66.

PIMCO Dynamic Income Strategy Fund Price Performance

The firm’s 50-day moving average is $21.30 and its 200-day moving average is $20.79.

PIMCO Dynamic Income Strategy Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were given a $0.1334 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a c) annualized dividend and a yield of 7.4%.

Insider Activity at PIMCO Dynamic Income Strategy Fund

In related news, major shareholder Saba Capital Management, L.P. sold 2,200 shares of PIMCO Dynamic Income Strategy Fund stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $20.69, for a total value of $45,518.00. Following the completion of the sale, the insider owned 6,416,087 shares of the company’s stock, valued at approximately $132,748,840.03. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Greg Elliot Sharenow purchased 4,773 shares of PIMCO Dynamic Income Strategy Fund stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average cost of $21.63 per share, with a total value of $103,239.99. Following the transaction, the insider owned 44,104 shares in the company, valued at $953,969.52. This trade represents a 12.14% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 51,598 shares of company stock valued at $1,085,738.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PDX. Almitas Capital LLC purchased a new position in shares of PIMCO Dynamic Income Strategy Fund during the fourth quarter valued at approximately $2,841,000. Altium Capital Management LLC purchased a new position in shares of PIMCO Dynamic Income Strategy Fund during the fourth quarter valued at approximately $2,836,000. Bank of America Corp DE boosted its position in shares of PIMCO Dynamic Income Strategy Fund by 24.0% during the first quarter. Bank of America Corp DE now owns 772,043 shares of the company’s stock valued at $17,031,000 after buying an additional 149,447 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of PIMCO Dynamic Income Strategy Fund during the fourth quarter valued at approximately $2,722,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of PIMCO Dynamic Income Strategy Fund during the third quarter valued at approximately $1,893,000.

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.