PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of PIMCO Corporate & Income Strategy Fund (NYSE:PCN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.87 and traded as high as $12.91. PIMCO Corporate & Income Strategy Fund shares last traded at $12.88, with a volume of 165,482 shares traded.

PIMCO Corporate & Income Strategy Fund Trading Up 0.2%

The stock has a fifty day moving average of $13.18 and a 200-day moving average of $12.87.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a $0.1125 dividend. The ex-dividend date is Friday, November 14th. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%.

Institutional Investors Weigh In On PIMCO Corporate & Income Strategy Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harbour Investments Inc. lifted its position in PIMCO Corporate & Income Strategy Fund by 68.7% during the 1st quarter. Harbour Investments Inc. now owns 2,498 shares of the investment management company’s stock worth $34,000 after buying an additional 1,017 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of PIMCO Corporate & Income Strategy Fund by 1.6% in the second quarter. International Assets Investment Management LLC now owns 79,503 shares of the investment management company’s stock valued at $1,009,000 after acquiring an additional 1,244 shares during the last quarter. PFG Investments LLC raised its holdings in PIMCO Corporate & Income Strategy Fund by 7.3% during the second quarter. PFG Investments LLC now owns 25,972 shares of the investment management company’s stock worth $330,000 after acquiring an additional 1,762 shares in the last quarter. Ellis Investment Partners LLC boosted its position in PIMCO Corporate & Income Strategy Fund by 16.7% during the third quarter. Ellis Investment Partners LLC now owns 13,021 shares of the investment management company’s stock valued at $174,000 after purchasing an additional 1,865 shares during the last quarter. Finally, Insigneo Advisory Services LLC grew its stake in PIMCO Corporate & Income Strategy Fund by 0.8% in the second quarter. Insigneo Advisory Services LLC now owns 250,700 shares of the investment management company’s stock valued at $3,181,000 after purchasing an additional 2,000 shares in the last quarter.

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.