PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Share Price Passes Above 50-Day Moving Average – What’s Next?

PIMCO Dynamic Income Strategy Fund (NYSE:PDX)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty 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 Price Performance

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

PIMCO Dynamic Income Strategy Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.1133 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.11%.

Insiders Place Their Bets

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. acquired 37,181 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were acquired at an average cost of $26.23 per share, for a total transaction of $975,257.63. Following the completion of the purchase, the insider now owns 6,725,349 shares of the company’s stock, valued at approximately $176,405,904.27. This trade represents a 0.56 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have acquired 204,805 shares of company stock valued at $5,213,690 and have sold 99,350 shares valued at $2,328,684.

Institutional Trading of PIMCO Dynamic Income Strategy Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kovitz Investment Group Partners LLC bought a new stake in PIMCO Dynamic Income Strategy Fund in the 3rd quarter valued at $4,824,000. Stifel Financial Corp raised its position in shares of PIMCO Dynamic Income Strategy Fund by 0.6% during the third quarter. Stifel Financial Corp now owns 502,899 shares of the company’s stock valued at $11,864,000 after buying an additional 2,840 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of PIMCO Dynamic Income Strategy Fund by 3.0% in the third quarter. HighTower Advisors LLC now owns 56,482 shares of the company’s stock valued at $1,337,000 after buying an additional 1,644 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of PIMCO Dynamic Income Strategy Fund by 13.0% in the third quarter. Advisors Asset Management Inc. now owns 498,761 shares of the company’s stock valued at $11,766,000 after buying an additional 57,202 shares during the period. Finally, Allworth Financial LP grew its position in PIMCO Dynamic Income Strategy Fund by 10.5% during the third quarter. Allworth Financial LP now owns 10,500 shares of the company’s stock worth $248,000 after buying an additional 1,000 shares in the last quarter.