PIMCO Dynamic Income Strategy Fund Declares Monthly Dividend of $0.13 (NYSE:PDX)

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) announced a monthly dividend on Monday, November 3rd. Stockholders of record on Friday, November 14th will be given a dividend of 0.1334 per share on Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Friday, November 14th.

PIMCO Dynamic Income Strategy Fund Price Performance

Shares of NYSE:PDX traded down $0.08 during trading on Tuesday, hitting $22.31. The company had a trading volume of 7,630 shares, compared to its average volume of 136,347. PIMCO Dynamic Income Strategy Fund has a one year low of $19.26 and a one year high of $32.88. The company has a fifty day simple moving average of $23.84 and a two-hundred day simple moving average of $23.77.

Insider Buying and Selling at PIMCO Dynamic Income Strategy Fund

In other news, major shareholder Saba Capital Management, L.P. sold 13,276 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $24.88, for a total value of $330,306.88. Following the sale, the insider directly owned 7,489,207 shares in the company, valued at approximately $186,331,470.16. This represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 25,054 shares of company stock valued at $618,546 in the last quarter.

Institutional Investors Weigh In On PIMCO Dynamic Income Strategy Fund

Several hedge funds and other institutional investors have recently modified their holdings of PDX. OneDigital Investment Advisors LLC purchased a new stake in shares of PIMCO Dynamic Income Strategy Fund in the first quarter worth approximately $356,000. Envestnet Asset Management Inc. raised its holdings in shares of PIMCO Dynamic Income Strategy Fund by 13.8% in the first quarter. Envestnet Asset Management Inc. now owns 819,370 shares of the company’s stock worth $20,107,000 after buying an additional 99,650 shares during the period. Cerity Partners LLC purchased a new stake in shares of PIMCO Dynamic Income Strategy Fund in the first quarter worth approximately $210,000. Hollencrest Capital Management raised its holdings in shares of PIMCO Dynamic Income Strategy Fund by 40.8% in the first quarter. Hollencrest Capital Management now owns 465,645 shares of the company’s stock worth $11,427,000 after buying an additional 134,868 shares during the period. Finally, Blue Bell Private Wealth Management LLC purchased a new stake in shares of PIMCO Dynamic Income Strategy Fund in the first quarter worth approximately $60,000.