PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.76 and traded as low as $13.38. PIMCO Corporate & Income Strategy Fund shares last traded at $13.44, with a volume of 283,653 shares trading hands.

PIMCO Corporate & Income Strategy Fund Price Performance

The firm’s 50-day simple moving average is $13.60 and its two-hundred day simple moving average is $13.76.

PIMCO Corporate & Income Strategy Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be issued a $0.1125 dividend. This represents a $1.35 dividend on an annualized basis and a dividend yield of 10.05%. The ex-dividend date is Thursday, March 13th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Guggenheim Capital LLC lifted its stake in shares of PIMCO Corporate & Income Strategy Fund by 21.7% during the fourth quarter. Guggenheim Capital LLC now owns 1,034,081 shares of the investment management company’s stock valued at $13,877,000 after acquiring an additional 184,599 shares during the period. Principal Securities Inc. lifted its position in PIMCO Corporate & Income Strategy Fund by 7.3% during the 4th quarter. Principal Securities Inc. now owns 966,636 shares of the investment management company’s stock valued at $12,972,000 after purchasing an additional 65,867 shares during the period. Mission Hills Financial Advisory LLC boosted its stake in shares of PIMCO Corporate & Income Strategy Fund by 9.8% in the 4th quarter. Mission Hills Financial Advisory LLC now owns 871,785 shares of the investment management company’s stock valued at $11,699,000 after purchasing an additional 77,732 shares during the last quarter. GHE LLC grew its position in shares of PIMCO Corporate & Income Strategy Fund by 22.8% during the 4th quarter. GHE LLC now owns 560,056 shares of the investment management company’s stock worth $7,947,000 after buying an additional 104,001 shares during the period. Finally, LPL Financial LLC raised its stake in shares of PIMCO Corporate & Income Strategy Fund by 7.7% during the fourth quarter. LPL Financial LLC now owns 415,225 shares of the investment management company’s stock worth $5,572,000 after buying an additional 29,841 shares during 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.