PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

PIMCO Dynamic Income Strategy Fund (NYSE:PDX)’s share price 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 Price Performance

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

PIMCO Dynamic Income Strategy Fund Dividend Announcement

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

Insider Activity at PIMCO Dynamic Income Strategy Fund

In other news, major shareholder Saba Capital Management, L.P. sold 2,850 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $24.15, for a total value of $68,827.50. Following the completion of the sale, the insider now directly owns 6,272,073 shares in the company, valued at $151,470,562.95. This represents a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders bought 216,859 shares of company stock valued at $5,534,721.

Institutional Investors Weigh In On PIMCO Dynamic Income Strategy Fund

Several hedge funds and other institutional investors have recently bought and sold shares of PDX. Blue Bell Private Wealth Management LLC acquired a new stake in PIMCO Dynamic Income Strategy Fund during the second quarter worth $188,000. Allworth Financial LP raised its holdings in PIMCO Dynamic Income Strategy Fund by 10.5% in the 3rd quarter. Allworth Financial LP now owns 10,500 shares of the company’s stock valued at $248,000 after buying an additional 1,000 shares during the period. Commonwealth Equity Services LLC acquired a new position in PIMCO Dynamic Income Strategy Fund in the second quarter valued at about $264,000. Dynamic Advisor Solutions LLC purchased a new position in PIMCO Dynamic Income Strategy Fund during the second quarter worth about $293,000. Finally, Regal Investment Advisors LLC acquired a new stake in shares of PIMCO Dynamic Income Strategy Fund during the second quarter valued at about $325,000.