PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Shares Cross Below 200 Day Moving Average – Here’s What Happened

PIMCO Corporate & Income Strategy Fund (NYSE:PCN)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.86 and traded as low as $12.68. PIMCO Corporate & Income Strategy Fund shares last traded at $12.74, with a volume of 212,784 shares.

PIMCO Corporate & Income Strategy Fund Stock Performance

The company’s 50-day simple moving average is $13.02 and its 200 day simple moving average is $12.86.

PIMCO Corporate & Income Strategy Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a $0.1125 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) annualized dividend and a yield of 10.6%.

Institutional Investors Weigh In On PIMCO Corporate & Income Strategy Fund

A number of hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC purchased a new position in shares of PIMCO Corporate & Income Strategy Fund in the 3rd quarter worth about $27,000. Harbour Investments Inc. boosted its stake in PIMCO Corporate & Income Strategy Fund by 68.7% in the first quarter. Harbour Investments Inc. now owns 2,498 shares of the investment management company’s stock valued at $34,000 after acquiring an additional 1,017 shares during the last quarter. Assetmark Inc. bought a new position in shares of PIMCO Corporate & Income Strategy Fund during the 1st quarter valued at approximately $34,000. Aspect Partners LLC purchased a new stake in shares of PIMCO Corporate & Income Strategy Fund during the 3rd quarter worth approximately $39,000. Finally, Fifth Third Bancorp purchased a new stake in shares of PIMCO Corporate & Income Strategy Fund during the 3rd quarter worth approximately $40,000.

PIMCO Corporate & Income Strategy Fund Company Profile

PIMCO Corporate & Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors.