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

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.88 and traded as low as $12.60. PIMCO Corporate & Income Strategy Fund shares last traded at $12.63, with a volume of 317,344 shares trading hands.

PIMCO Corporate & Income Strategy Fund Stock Up 0.1%

The business has a fifty day simple moving average of $12.76 and a 200-day simple moving average of $12.88.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 12th will be paid a $0.1125 dividend. This represents a c) annualized dividend and a dividend yield of 10.7%. The ex-dividend date is Thursday, February 12th.

Institutional Investors Weigh In On PIMCO Corporate & Income Strategy Fund

Several hedge funds have recently bought and sold shares of the business. Mission Hills Financial Advisory LLC increased its stake in shares of PIMCO Corporate & Income Strategy Fund by 4.3% during the fourth quarter. Mission Hills Financial Advisory LLC now owns 1,229,934 shares of the investment management company’s stock valued at $15,694,000 after purchasing an additional 50,612 shares in the last quarter. Guggenheim Capital LLC boosted its position in shares of PIMCO Corporate & Income Strategy Fund by 3.1% in the 2nd quarter. Guggenheim Capital LLC now owns 1,153,405 shares of the investment management company’s stock worth $14,637,000 after purchasing an additional 34,940 shares in the last quarter. GHE LLC grew its stake in shares of PIMCO Corporate & Income Strategy Fund by 2.9% in the 3rd quarter. GHE LLC now owns 626,007 shares of the investment management company’s stock worth $8,376,000 after buying an additional 17,708 shares during the last quarter. LPL Financial LLC increased its position in PIMCO Corporate & Income Strategy Fund by 10.4% during the 4th quarter. LPL Financial LLC now owns 573,104 shares of the investment management company’s stock valued at $7,313,000 after buying an additional 54,094 shares in the last quarter. Finally, Invesco Ltd. increased its position in PIMCO Corporate & Income Strategy Fund by 1.7% during the 4th quarter. Invesco Ltd. now owns 475,794 shares of the investment management company’s stock valued at $6,071,000 after buying an additional 7,826 shares in 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.