PIMCO Strategic Income Fund (NYSE:RCS) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $6.92 and traded as low as $6.40. PIMCO Strategic Income Fund shares last traded at $6.45, with a volume of 108,413 shares changing hands.

PIMCO Strategic Income Fund Stock Up 0.4 %

The stock’s fifty day moving average is $6.92 and its 200-day moving average is $7.22.

PIMCO Strategic Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be given a $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 7.45%. The ex-dividend date of this dividend is Thursday, February 13th.

Institutional Investors Weigh In On PIMCO Strategic Income Fund

Several hedge funds have recently modified their holdings of RCS. LPL Financial LLC boosted its holdings in PIMCO Strategic Income Fund by 15.5% in the 4th quarter. LPL Financial LLC now owns 1,239,924 shares of the investment management company’s stock valued at $9,448,000 after purchasing an additional 166,096 shares during the period. Balboa Wealth Partners grew its position in PIMCO Strategic Income Fund by 4.6% during the fourth quarter. Balboa Wealth Partners now owns 166,226 shares of the investment management company’s stock worth $1,267,000 after buying an additional 7,330 shares in the last quarter. HighTower Advisors LLC bought a new position in PIMCO Strategic Income Fund during the fourth quarter valued at about $82,000. Straight Path Wealth Management raised its holdings in PIMCO Strategic Income Fund by 7.2% in the 4th quarter. Straight Path Wealth Management now owns 29,759 shares of the investment management company’s stock valued at $227,000 after acquiring an additional 2,011 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of PIMCO Strategic Income Fund in the 4th quarter worth approximately $442,000. 13.48% of the stock is owned by institutional investors.

PIMCO Strategic Income Fund Company Profile

PIMCO Strategic Global Government Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets across the globe. The fund primarily invests in government securities, including bonds issued or guaranteed by the United States or foreign governments, by their agencies, authorities or instrumentalities, or by supranational entities.