Baker Avenue Asset Management LP Acquires Shares of 88,500 PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Baker Avenue Asset Management LP acquired a new position in PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 88,500 shares of the investment management company's stock, valued at approximately $681,000. Baker Avenue Asset Management LP owned about 0.19% of PIMCO Strategic Income Fund as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RCS. Milestone Asset Management LLC grew its holdings in shares of PIMCO Strategic Income Fund by 170.8% in the second quarter. Milestone Asset Management LLC now owns 234,836 shares of the investment management company's stock valued at $1,458,000 after acquiring an additional 148,122 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in PIMCO Strategic Income Fund by 38.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 380,285 shares of the investment management company's stock valued at $2,362,000 after purchasing an additional 104,932 shares during the period. Cetera Investment Advisers grew its holdings in PIMCO Strategic Income Fund by 35.4% during the second quarter. Cetera Investment Advisers now owns 194,417 shares of the investment management company's stock valued at $1,207,000 after purchasing an additional 50,837 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in PIMCO Strategic Income Fund by 6.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 865,572 shares of the investment management company's stock valued at $5,375,000 after purchasing an additional 49,004 shares during the period. Finally, J.W. Cole Advisors Inc. bought a new position in PIMCO Strategic Income Fund during the second quarter valued at $189,000. 13.48% of the stock is owned by institutional investors.

PIMCO Strategic Income Fund Price Performance

NYSE RCS traded up $0.04 on Tuesday, hitting $7.84. 182,511 shares of the stock traded hands, compared to its average volume of 140,115. The business's fifty day moving average is $7.59 and its two-hundred day moving average is $6.78. PIMCO Strategic Income Fund, Inc. has a 12 month low of $5.15 and a 12 month high of $8.07.

PIMCO Strategic Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a yield of 7.81%. The ex-dividend date is Tuesday, November 12th.

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.