PIMCO Dynamic Income Strategy Fund (NYSE:PDX – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Monday following insider buying activity. The stock has a two hundred day moving average of $20.93 and traded as high as $21.10. PIMCO Dynamic Income Strategy Fund shares last traded at $20.9650, with a volume of 321,292 shares.
PIMCO Dynamic Income Strategy Fund Price Performance
The firm has a 50-day moving average of $20.88 and a 200 day moving average of $20.93.
PIMCO Dynamic Income Strategy Fund Increases Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Tuesday, October 13th will be paid a $0.1530 dividend. The ex-dividend date is Tuesday, October 13th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 8.8%. This is a positive change from PIMCO Dynamic Income Strategy Fund’s previous monthly dividend of $0.1334.
Hedge Funds Weigh In On PIMCO Dynamic Income Strategy Fund
Hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC lifted its stake in PIMCO Dynamic Income Strategy Fund by 6.7% during the third quarter. Commonwealth Equity Services LLC now owns 15,083 shares of the company’s stock worth $306,000 after purchasing an additional 946 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings in PIMCO Dynamic Income Strategy Fund by 66.3% during the third quarter. Blue Bell Private Wealth Management LLC now owns 2,509 shares of the company’s stock valued at $51,000 after purchasing an additional 1,000 shares in the last quarter. Root Financial Partners LLC acquired a new stake in PIMCO Dynamic Income Strategy Fund during the third quarter valued at approximately $25,000. Meadowbrook Wealth Management LLC grew its stake in shares of PIMCO Dynamic Income Strategy Fund by 12.8% in the 3rd quarter. Meadowbrook Wealth Management LLC now owns 13,200 shares of the company’s stock valued at $268,000 after purchasing an additional 1,500 shares during the period. Finally, Hollencrest Capital Management grew its stake in shares of PIMCO Dynamic Income Strategy Fund by 0.7% in the 1st quarter. Hollencrest Capital Management now owns 484,764 shares of the company’s stock valued at $10,694,000 after purchasing an additional 3,188 shares during the period.
PIMCO Dynamic Income Strategy Fund (NYSE:PDX) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide current income as its primary investment objective, with capital appreciation as a secondary objective.
PDX invests in a diversified portfolio of income-producing assets across global fixed-income and credit markets. Its holdings may include corporate debt, high-yield bonds, bank loans, emerging-market debt, structured credit and other income-oriented securities.
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