Pimco Corporate & Income Strategy Fund (NYSE:PCN) Stock Crosses Above 50-Day Moving Average of $18.72

Shares of Pimco Corporate & Income Strategy Fund (NYSE:PCN) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $18.72 and traded as high as $19.02. Pimco Corporate & Income Strategy Fund shares last traded at $19.02, with a volume of 1,065 shares changing hands.

The company’s 50-day simple moving average is $18.76 and its 200 day simple moving average is $17.95.

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.112 per share. This represents a $1.34 annualized dividend and a dividend yield of 7.01%. The ex-dividend date is Friday, November 8th.

Hedge funds have recently added to or reduced their stakes in the business. North Star Investment Management Corp. purchased a new stake in shares of Pimco Corporate & Income Strategy Fund during the third quarter valued at about $28,000. Stonebridge Capital Advisors LLC purchased a new stake in shares of Pimco Corporate & Income Strategy Fund during the second quarter valued at about $39,000. FNY Investment Advisers LLC lifted its position in shares of Pimco Corporate & Income Strategy Fund by 623.5% during the third quarter. FNY Investment Advisers LLC now owns 2,344 shares of the investment management company’s stock valued at $43,000 after buying an additional 2,020 shares during the last quarter. Nvwm LLC purchased a new stake in shares of Pimco Corporate & Income Strategy Fund during the second quarter valued at about $43,000. Finally, Quad Cities Investment Group LLC lifted its position in shares of Pimco Corporate & Income Strategy Fund by 55.6% during the second quarter. Quad Cities Investment Group LLC now owns 3,000 shares of the investment management company’s stock valued at $51,000 after buying an additional 1,072 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.

Featured Article: How Buying a Call Option Works

Receive News & Ratings for Pimco Corporate & Income Strategy Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pimco Corporate & Income Strategy Fund and related companies with MarketBeat.com's FREE daily email newsletter.