Benjamin Edwards Inc. bought a new stake in PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 385,533 shares of the investment management company's stock, valued at approximately $2,965,000. Benjamin Edwards Inc. owned about 0.84% of PIMCO Strategic Income Fund as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. FSA Wealth Management LLC bought a new stake in PIMCO Strategic Income Fund in the 3rd quarter valued at about $108,000. Straight Path Wealth Management increased its position in PIMCO Strategic Income Fund by 17.1% in the 2nd quarter. Straight Path Wealth Management now owns 27,436 shares of the investment management company's stock valued at $170,000 after acquiring an additional 4,014 shares during the period. J.W. Cole Advisors Inc. bought a new position in shares of PIMCO Strategic Income Fund in the second quarter worth $189,000. Baker Avenue Asset Management LP acquired a new position in shares of PIMCO Strategic Income Fund during the third quarter valued at $681,000. Finally, Atomi Financial Group Inc. raised its stake in shares of PIMCO Strategic Income Fund by 17.1% during the second quarter. Atomi Financial Group Inc. now owns 99,011 shares of the investment management company's stock valued at $615,000 after purchasing an additional 14,475 shares in the last quarter. Institutional investors and hedge funds own 13.48% of the company's stock.
PIMCO Strategic Income Fund Stock Performance
RCS traded up $0.11 on Thursday, reaching $8.06. The company had a trading volume of 119,483 shares, compared to its average volume of 139,089. The company has a fifty day moving average of $7.71 and a 200-day moving average of $6.99. PIMCO Strategic Income Fund, Inc. has a one year low of $5.54 and a one year high of $8.07.
PIMCO Strategic Income Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 12th will be paid a dividend of $0.051 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 7.59%.
PIMCO Strategic Income Fund Profile
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Free Report)
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.
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