PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Trading Up 0.2% – Here’s What Happened

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) shares shot up 0.2% during mid-day trading on Thursday . The company traded as high as $21.78 and last traded at $21.4980. Approximately 79,189 shares were traded 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 Price Performance

The business’s fifty day moving average price is $21.21 and its 200 day moving average price is $20.78.

PIMCO Dynamic Income Strategy Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be given a dividend of $0.1334 per share. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Monday, July 13th.

Insiders Place Their Bets

In related news, insider Daniel J. Ivascyn purchased 28,779 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were purchased at an average price of $20.58 per share, for a total transaction of $592,271.82. Following the transaction, the insider directly owned 2,118,504 shares of the company’s stock, valued at approximately $43,598,812.32. The trade was a 1.38% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Greg Elliot Sharenow acquired 13,046 shares of PIMCO Dynamic Income Strategy Fund stock in a transaction on Tuesday, May 19th. The shares were bought at an average cost of $21.66 per share, with a total value of $282,576.36. Following the completion of the purchase, 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. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 51,598 shares of company stock worth $1,085,738.

Hedge Funds Weigh In On PIMCO Dynamic Income Strategy Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in PDX. Meadowbrook Wealth Management LLC purchased a new position in shares of PIMCO Dynamic Income Strategy Fund during the 2nd quarter worth approximately $245,000. Noble Wealth Management PBC boosted its stake in shares of PIMCO Dynamic Income Strategy Fund by 68.1% in the second quarter. Noble Wealth Management PBC now owns 51,425 shares of the company’s stock valued at $1,071,000 after buying an additional 20,825 shares in the last quarter. Bank of America Corp DE grew its holdings 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 acquiring an additional 149,447 shares during the period. Arkadios Wealth Advisors grew its holdings in PIMCO Dynamic Income Strategy Fund by 73.1% during the first quarter. Arkadios Wealth Advisors now owns 20,775 shares of the company’s stock worth $458,000 after acquiring an additional 8,775 shares during the period. Finally, Royal Bank of Canada raised its position in PIMCO Dynamic Income Strategy Fund by 1.9% in the first quarter. Royal Bank of Canada now owns 978,814 shares of the company’s stock worth $21,593,000 after acquiring an additional 18,343 shares in the last quarter.

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.