PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Trading Up 1.7% – Here’s Why

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) shares were up 1.7% during mid-day trading on Wednesday . The company traded as high as $22.27 and last traded at $22.2150. Approximately 187,894 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 185,260 shares. The stock had previously closed at $21.84.

PIMCO Dynamic Income Strategy Fund Trading Up 1.7%

The stock’s fifty day moving average price is $20.30 and its 200 day moving average price is $21.51.

PIMCO Dynamic Income Strategy Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Thursday, March 12th will be given a dividend of $0.1334 per share. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Thursday, March 12th.

Insider Buying and Selling

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. sold 2,200 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $20.69, for a total value of $45,518.00. Following the sale, the insider owned 6,416,087 shares in the company, valued at approximately $132,748,840.03. This represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 380,043 shares of company stock worth $7,681,041 over the last 90 days.

Institutional Trading of PIMCO Dynamic Income Strategy Fund

A number of hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. grew its stake in shares of PIMCO Dynamic Income Strategy Fund by 12.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 67,920 shares of the company’s stock worth $1,276,000 after buying an additional 7,261 shares during the last quarter. CFO Capital Management LLC purchased a new position in PIMCO Dynamic Income Strategy Fund during the fourth quarter valued at $801,000. Virtu Financial LLC purchased a new position in PIMCO Dynamic Income Strategy Fund during the fourth quarter valued at $340,000. Invesco Ltd. raised its stake in PIMCO Dynamic Income Strategy Fund by 11.2% during the fourth quarter. Invesco Ltd. now owns 57,140 shares of the company’s stock valued at $1,073,000 after buying an additional 5,739 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in PIMCO Dynamic Income Strategy Fund in the fourth quarter worth $286,000.

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) is a diversified, closed-end management investment company advised by Pacific Investment Management Company LLC (PIMCO). Launched in 2011, the fund seeks to deliver high current income and capital appreciation by investing in a broad range of fixed income securities. As a closed-end vehicle, PDX trades on the NYSE and employs leverage to enhance its income potential, while adhering to its investment objective under varying market conditions.

The fund’s strategy centers on a flexible allocation among global debt markets, encompassing investment-grade and high-yield corporate bonds, U.S.