Cambridge Investment Research Advisors Inc. Increases Stake in PIMCO Corporate & Income (PCN)

Cambridge Investment Research Advisors Inc. lifted its holdings in PIMCO Corporate & Income (NYSE:PCN) by 23.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,258 shares of the investment management company’s stock after purchasing an additional 3,063 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in PIMCO Corporate & Income were worth $280,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. LPL Financial LLC raised its stake in shares of PIMCO Corporate & Income by 11.5% during the 4th quarter. LPL Financial LLC now owns 86,770 shares of the investment management company’s stock worth $1,492,000 after acquiring an additional 8,954 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of PIMCO Corporate & Income by 12.9% during the 4th quarter. Guggenheim Capital LLC now owns 63,336 shares of the investment management company’s stock worth $1,090,000 after acquiring an additional 7,257 shares in the last quarter. Advisor Group Inc. raised its stake in shares of PIMCO Corporate & Income by 77.2% during the 4th quarter. Advisor Group Inc. now owns 92,602 shares of the investment management company’s stock worth $1,593,000 after acquiring an additional 40,338 shares in the last quarter. Dynasty Wealth Management LLC bought a new position in shares of PIMCO Corporate & Income during the 4th quarter worth approximately $381,000. Finally, MML Investors Services LLC raised its stake in shares of PIMCO Corporate & Income by 92.5% during the 4th quarter. MML Investors Services LLC now owns 63,503 shares of the investment management company’s stock worth $1,092,000 after acquiring an additional 30,519 shares in the last quarter.

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NYSE PCN opened at $16.84 on Wednesday. PIMCO Corporate & Income has a 52 week low of $15.84 and a 52 week high of $17.95.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 1st. Investors of record on Thursday, April 12th will be paid a dividend of $0.1125 per share. The ex-dividend date of this dividend is Wednesday, April 11th. This represents a $1.35 annualized dividend and a dividend yield of 8.02%.

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PIMCO Corporate & Income Profile

Pimco Corporate & Income Strategy Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to seek high current income, with a secondary objective of capital preservation and appreciation. Under normal market conditions, the Fund invests at least 80% of its total assets in a combination of corporate debt obligations of varying maturities, other corporate income-producing securities, and income-producing securities of non-corporate issuers, such as the United States government securities, municipal securities, and mortgage-backed and other asset-backed securities issued on a public or private basis.

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Institutional Ownership by Quarter for PIMCO Corporate & Income (NYSE:PCN)

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