Pimco Corporate & Income Strategy Fund (NYSE:PCN) Shares Pass Above Fifty Day Moving Average of $17.99

Pimco Corporate & Income Strategy Fund (NYSE:PCN)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $17.99 and traded as high as $18.65. Pimco Corporate & Income Strategy Fund shares last traded at $18.65, with a volume of 705 shares.

The stock’s fifty day moving average is $18.03 and its two-hundred day moving average is $17.64.

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 11th will be paid a $0.112 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 7.29%. The ex-dividend date of this dividend is Thursday, October 10th.

A number of institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its stake in Pimco Corporate & Income Strategy Fund by 1.0% in the 2nd quarter. Wells Fargo & Company MN now owns 82,691 shares of the investment management company’s stock worth $1,415,000 after purchasing an additional 785 shares during the period. Commonwealth Equity Services LLC boosted its stake in Pimco Corporate & Income Strategy Fund by 0.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 139,414 shares of the investment management company’s stock worth $2,385,000 after purchasing an additional 819 shares during the period. BB&T Corp boosted its stake in Pimco Corporate & Income Strategy Fund by 5.8% in the 2nd quarter. BB&T Corp now owns 16,943 shares of the investment management company’s stock worth $290,000 after purchasing an additional 933 shares during the period. Quad Cities Investment Group LLC boosted its stake in Pimco Corporate & Income Strategy Fund by 55.6% in the 2nd quarter. Quad Cities Investment Group LLC now owns 3,000 shares of the investment management company’s stock worth $51,000 after purchasing an additional 1,072 shares during the period. Finally, West Oak Capital LLC boosted its stake in Pimco Corporate & Income Strategy Fund by 41.9% in the 3rd quarter. West Oak Capital LLC now owns 4,400 shares of the investment management company’s stock worth $81,000 after purchasing an additional 1,300 shares during the period.

Pimco Corporate & Income Strategy Fund Company Profile (NYSE:PCN)

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.

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