PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Shares of PIMCO Dynamic Income Strategy Fund (NYSE:PDX) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $24.79 and traded as high as $27.17. PIMCO Dynamic Income Strategy Fund shares last traded at $26.94, with a volume of 126,635 shares trading hands.

PIMCO Dynamic Income Strategy Fund Stock Down 1.5 %

The stock has a 50 day moving average price of $24.85.

PIMCO Dynamic Income Strategy Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 12th will be given a dividend of $0.1133 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.36 annualized dividend and a dividend yield of 5.18%.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. sold 2,850 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $24.15, for a total transaction of $68,827.50. Following the sale, the insider now owns 6,272,073 shares of the company’s stock, valued at approximately $151,470,562.95. This represents a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders acquired 216,859 shares of company stock valued at $5,534,721.

Institutional Investors Weigh In On PIMCO Dynamic Income Strategy Fund

Several large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. purchased a new stake in shares of PIMCO Dynamic Income Strategy Fund in the 2nd quarter valued at approximately $15,509,000. Hollencrest Capital Management purchased a new position in PIMCO Dynamic Income Strategy Fund in the second quarter valued at $7,370,000. Kovitz Investment Group Partners LLC purchased a new position in PIMCO Dynamic Income Strategy Fund in the third quarter valued at $4,824,000. Choreo LLC acquired a new stake in PIMCO Dynamic Income Strategy Fund in the second quarter valued at $3,642,000. Finally, First Foundation Advisors purchased a new stake in PIMCO Dynamic Income Strategy Fund during the 2nd quarter worth about $1,385,000.