PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Stock Crosses Below 200 Day Moving Average – Time to Sell?

PIMCO Corporate & Income Strategy Fund (NYSE:PCN)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.76 and traded as low as $13.58. PIMCO Corporate & Income Strategy Fund shares last traded at $13.61, with a volume of 195,798 shares.

PIMCO Corporate & Income Strategy Fund Price Performance

The firm has a fifty day moving average of $13.61 and a 200-day moving average of $13.76.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.1125 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 9.89%.

Institutional Trading of PIMCO Corporate & Income Strategy Fund

Large investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC acquired a new stake in PIMCO Corporate & Income Strategy Fund during the 4th quarter valued at approximately $145,000. GHE LLC increased its holdings in shares of PIMCO Corporate & Income Strategy Fund by 22.8% in the 4th quarter. GHE LLC now owns 560,056 shares of the investment management company’s stock worth $7,516,000 after acquiring an additional 104,001 shares during the period. Elequin Capital LP bought a new stake in shares of PIMCO Corporate & Income Strategy Fund during the 4th quarter worth $159,000. Focus Partners Wealth lifted its holdings in shares of PIMCO Corporate & Income Strategy Fund by 39.9% during the fourth quarter. Focus Partners Wealth now owns 20,197 shares of the investment management company’s stock valued at $271,000 after purchasing an additional 5,763 shares during the last quarter. Finally, Bank of America Corp DE grew its position in PIMCO Corporate & Income Strategy Fund by 3.3% during the 4th quarter. Bank of America Corp DE now owns 231,858 shares of the investment management company’s stock worth $3,112,000 after purchasing an additional 7,388 shares in the last quarter.

About PIMCO Corporate & Income Strategy Fund

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.