Pimco Corporate & Income Strategy Fund (NYSE:PCN) Stock Passes Above 50-Day Moving Average of $17.72

Pimco Corporate & Income Strategy Fund (NYSE:PCN)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $17.72 and traded as high as $18.25. Pimco Corporate & Income Strategy Fund shares last traded at $18.22, with a volume of 36,221 shares traded.

The business has a 50 day moving average price of $17.74.

The company also recently declared a monthly dividend, which was paid on Thursday, August 1st. Shareholders of record on Friday, July 12th were paid a dividend of $0.112 per share. The ex-dividend date was Thursday, July 11th. This represents a $1.34 annualized dividend and a yield of 7.35%.

Large investors have recently made changes to their positions in the business. Capital Wealth Planning LLC acquired a new stake in Pimco Corporate & Income Strategy Fund during the second quarter worth about $427,000. Hayden Royal LLC acquired a new stake in Pimco Corporate & Income Strategy Fund during the second quarter worth about $232,000. Advisor Group Inc. increased its stake in Pimco Corporate & Income Strategy Fund by 5.8% during the second quarter. Advisor Group Inc. now owns 92,970 shares of the investment management company’s stock worth $1,590,000 after acquiring an additional 5,102 shares during the last quarter. BB&T Corp increased its stake in Pimco Corporate & Income Strategy Fund by 5.8% during the second quarter. BB&T Corp now owns 16,943 shares of the investment management company’s stock worth $290,000 after acquiring an additional 933 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in Pimco Corporate & Income Strategy Fund by 0.6% during the second quarter. Commonwealth Equity Services LLC now owns 139,414 shares of the investment management company’s stock worth $2,385,000 after acquiring an additional 819 shares during the last quarter.

About Pimco Corporate & Income Strategy Fund (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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