Ameritas Advisory Services LLC Sells 8,456 Shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Ameritas Advisory Services LLC reduced its position in shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS) by 13.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,167 shares of the investment management company’s stock after selling 8,456 shares during the period. Ameritas Advisory Services LLC owned 0.12% of PIMCO Strategic Income Fund worth $420,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new position in shares of PIMCO Strategic Income Fund during the 3rd quarter worth $108,000. Straight Path Wealth Management increased its stake in shares of PIMCO Strategic Income Fund by 17.1% in the second quarter. Straight Path Wealth Management now owns 27,436 shares of the investment management company’s stock worth $170,000 after purchasing an additional 4,014 shares in the last quarter. Baker Avenue Asset Management LP bought a new stake in shares of PIMCO Strategic Income Fund in the third quarter valued at approximately $681,000. Cetera Investment Advisers lifted its stake in shares of PIMCO Strategic Income Fund by 35.4% during the 2nd quarter. Cetera Investment Advisers now owns 194,417 shares of the investment management company’s stock valued at $1,207,000 after buying an additional 50,837 shares in the last quarter. Finally, Balboa Wealth Partners boosted its holdings in PIMCO Strategic Income Fund by 248.5% in the 3rd quarter. Balboa Wealth Partners now owns 158,896 shares of the investment management company’s stock worth $1,222,000 after buying an additional 113,307 shares during the period. 13.48% of the stock is currently owned by hedge funds and other institutional investors.

PIMCO Strategic Income Fund Price Performance

Shares of RCS stock opened at $6.38 on Friday. PIMCO Strategic Income Fund, Inc. has a 1 year low of $5.54 and a 1 year high of $8.09. The company’s fifty day simple moving average is $7.29 and its two-hundred day simple moving average is $7.23.

PIMCO Strategic Income Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, January 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.53%.

About PIMCO Strategic Income Fund

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.