PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Trading 0.2% Higher – Time to Buy?

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) was up 0.2% during mid-day trading on Thursday . The stock traded as high as $21.78 and last traded at $21.4980. Approximately 79,189 shares changed hands during trading, a decline of 41% from the average daily volume of 134,999 shares. The stock had previously closed at $21.46.

PIMCO Dynamic Income Strategy Fund Stock Performance

The business has a 50 day moving average price of $21.21 and a 200-day moving average price of $20.77.

PIMCO Dynamic Income Strategy Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Monday, July 13th will be issued a dividend of $0.1334 per share. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Monday, July 13th.

Insiders Place Their Bets

In other PIMCO Dynamic Income Strategy Fund news, insider Greg Elliot Sharenow bought 13,046 shares of PIMCO Dynamic Income Strategy Fund stock in a transaction on Tuesday, May 19th. The stock was bought at an average price of $21.66 per share, with a total value of $282,576.36. Following the completion of the acquisition, the insider owned 39,331 shares in the company, valued at $851,909.46. The trade was a 49.63% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel J. Ivascyn bought 28,779 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were bought at an average price of $20.58 per share, for a total transaction of $592,271.82. Following the completion of the transaction, the insider directly owned 2,118,504 shares in the company, valued at approximately $43,598,812.32. This represents a 1.38% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 51,598 shares of company stock worth $1,085,738 in the last ninety days.

Hedge Funds Weigh In On PIMCO Dynamic Income Strategy Fund

A number of large investors have recently made changes to their positions in PDX. Rivernorth Capital Management LLC lifted its stake in shares of PIMCO Dynamic Income Strategy Fund by 0.4% in the fourth quarter. Rivernorth Capital Management LLC now owns 1,599,012 shares of the company’s stock valued at $30,029,000 after purchasing an additional 7,057 shares during the period. Royal Bank of Canada boosted its holdings in PIMCO Dynamic Income Strategy Fund by 1.9% during the first quarter. Royal Bank of Canada now owns 978,814 shares of the company’s stock worth $21,593,000 after buying an additional 18,343 shares in the last quarter. Wells Fargo & Company MN grew its position in PIMCO Dynamic Income Strategy Fund by 2.7% during the fourth quarter. Wells Fargo & Company MN now owns 876,150 shares of the company’s stock worth $16,454,000 after buying an additional 22,803 shares during the period. Bank of America Corp DE grew its position in 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 worth $17,031,000 after buying an additional 149,447 shares during the period. Finally, Hollencrest Capital Management grew its position in PIMCO Dynamic Income Strategy Fund by 0.7% during the first quarter. Hollencrest Capital Management now owns 484,764 shares of the company’s stock worth $10,694,000 after buying an additional 3,188 shares during the period.

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.