PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of PIMCO Corporate & Income Strategy Fund (NYSE:PCN) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.87 and traded as low as $12.24. PIMCO Corporate & Income Strategy Fund shares last traded at $12.3250, with a volume of 387,043 shares trading hands.

PIMCO Corporate & Income Strategy Fund Trading Down 1.6%

The company has a fifty day moving average price of $12.69 and a two-hundred day moving average price of $12.86.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Thursday, March 12th will be given a dividend of $0.1125 per share. The ex-dividend date is Thursday, March 12th. This represents a c) dividend on an annualized basis and a yield of 11.4%.

Institutional Trading of PIMCO Corporate & Income Strategy Fund

Large investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC purchased a new position in shares of PIMCO Corporate & Income Strategy Fund during the 4th quarter worth $157,000. Westbourne Investment Advisors Inc. grew its holdings in shares of PIMCO Corporate & Income Strategy Fund by 2.0% in the fourth quarter. Westbourne Investment Advisors Inc. now owns 51,500 shares of the investment management company’s stock valued at $657,000 after purchasing an additional 1,000 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in shares of PIMCO Corporate & Income Strategy Fund in the fourth quarter valued at about $56,000. Uptown Financial Advisors LLC acquired a new stake in PIMCO Corporate & Income Strategy Fund during the fourth quarter worth about $141,000. Finally, Rathbones Group PLC purchased a new position in PIMCO Corporate & Income Strategy Fund during the fourth quarter worth about $185,000.

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.