PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Share Price Passes Below 200 Day Moving Average – Time to Sell?

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.26 and traded as low as $11.74. PIMCO Corporate & Income Strategy Fund shares last traded at $11.7950, with a volume of 250,611 shares trading hands.

PIMCO Corporate & Income Strategy Fund Stock Performance

The stock’s 50-day moving average price is $11.83 and its two-hundred day moving average price is $12.26.

PIMCO Corporate & Income Strategy Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be paid a $0.1125 dividend. The ex-dividend date is Thursday, June 11th. This represents a c) annualized dividend and a yield of 11.4%.

Institutional Trading of PIMCO Corporate & Income Strategy Fund

A number of large investors have recently bought and sold shares of the company. Sanctuary Advisors LLC increased its holdings in PIMCO Corporate & Income Strategy Fund by 3.1% in the 1st quarter. Sanctuary Advisors LLC now owns 28,363 shares of the investment management company’s stock worth $338,000 after acquiring an additional 853 shares during the last quarter. Comerica Bank lifted its holdings in PIMCO Corporate & Income Strategy Fund by 14.5% during the third quarter. Comerica Bank now owns 7,710 shares of the investment management company’s stock valued at $103,000 after purchasing an additional 979 shares during the last quarter. Westbourne Investment Advisors Inc. boosted its position in PIMCO Corporate & Income Strategy Fund by 2.0% during the fourth quarter. Westbourne Investment Advisors Inc. now owns 51,500 shares of the investment management company’s stock worth $657,000 after purchasing an additional 1,000 shares during the period. Janney Montgomery Scott LLC boosted its position in PIMCO Corporate & Income Strategy Fund by 1.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 58,613 shares of the investment management company’s stock worth $748,000 after purchasing an additional 1,090 shares during the period. Finally, Vision Retirement LLC boosted its position in PIMCO Corporate & Income Strategy Fund by 1.2% during the first quarter. Vision Retirement LLC now owns 98,616 shares of the investment management company’s stock worth $1,174,000 after purchasing an additional 1,166 shares during the period.

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.