PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Shares Down 0.4% – Should You Sell?

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) traded down 0.4% during mid-day trading on Wednesday . The company traded as low as $24.24 and last traded at $24.34. 84,731 shares were traded during mid-day trading, a decline of 36% from the average session volume of 131,394 shares. The stock had previously closed at $24.45.

PIMCO Dynamic Income Strategy Fund Stock Down 0.4%

The stock has a fifty day moving average of $22.95 and a 200-day moving average of $24.39.

PIMCO Dynamic Income Strategy Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Thursday, June 12th will be issued a $0.1334 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date is Thursday, June 12th.

Insider Transactions at PIMCO Dynamic Income Strategy Fund

In related news, major shareholder Saba Capital Management, L.P. sold 13,837 shares of PIMCO Dynamic Income Strategy Fund stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $24.98, for a total transaction of $345,648.26. Following the completion of the sale, the insider now owns 7,528,097 shares of the company’s stock, valued at approximately $188,051,863.06. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Trading of PIMCO Dynamic Income Strategy Fund

A number of institutional investors have recently bought and sold shares of PDX. Continuum Advisory LLC bought a new position in PIMCO Dynamic Income Strategy Fund during the fourth quarter valued at about $26,000. Blue Bell Private Wealth Management LLC acquired a new stake in PIMCO Dynamic Income Strategy Fund during the first quarter valued at approximately $60,000. US Bancorp DE boosted its holdings in PIMCO Dynamic Income Strategy Fund by 756.6% during the first quarter. US Bancorp DE now owns 4,283 shares of the company’s stock valued at $105,000 after purchasing an additional 3,783 shares in the last quarter. Convergence Financial LLC acquired a new stake in PIMCO Dynamic Income Strategy Fund during the fourth quarter valued at approximately $203,000. Finally, Cynosure Group LLC acquired a new stake in PIMCO Dynamic Income Strategy Fund during the fourth quarter valued at approximately $210,000.