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

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $24.01 and traded as high as $26.82. PIMCO Dynamic Income Strategy Fund shares last traded at $26.61, with a volume of 137,921 shares changing hands.

PIMCO Dynamic Income Strategy Fund Trading Down 0.5 %

The company’s 50 day simple moving average is $24.07.

PIMCO Dynamic Income Strategy Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be given a $0.1133 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.36 annualized dividend and a yield of 5.11%.

Insider Transactions at PIMCO Dynamic Income Strategy Fund

In other news, major shareholder Saba Capital Management, L.P. sold 11,729 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $22.82, for a total transaction of $267,655.78. Following the transaction, the insider now directly owns 6,359,694 shares in the company, valued at approximately $145,128,217.08. This represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have acquired 204,805 shares of company stock worth $5,213,690 and have sold 99,350 shares worth $2,328,684.

Institutional Trading of PIMCO Dynamic Income Strategy Fund

A number of hedge funds and other institutional investors have recently modified their holdings of PDX. Country Trust Bank bought a new position in PIMCO Dynamic Income Strategy Fund in the 2nd quarter valued at $1,041,000. Williams & Novak LLC bought a new position in PIMCO Dynamic Income Strategy Fund in the second quarter valued at about $280,000. Dynamic Advisor Solutions LLC acquired a new stake in PIMCO Dynamic Income Strategy Fund in the second quarter worth about $293,000. Wealth Enhancement Advisory Services LLC bought a new stake in PIMCO Dynamic Income Strategy Fund during the 2nd quarter worth about $426,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in PIMCO Dynamic Income Strategy Fund during the 2nd quarter valued at about $354,000.