Balboa Wealth Partners Buys 113,307 Shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Balboa Wealth Partners boosted its holdings in PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Free Report) by 248.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,896 shares of the investment management company's stock after purchasing an additional 113,307 shares during the period. Balboa Wealth Partners owned approximately 0.34% of PIMCO Strategic Income Fund worth $1,222,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RCS. Straight Path Wealth Management boosted its stake in shares of PIMCO Strategic Income Fund by 17.1% during the second quarter. Straight Path Wealth Management now owns 27,436 shares of the investment management company's stock valued at $170,000 after purchasing an additional 4,014 shares during the period. J.W. Cole Advisors Inc. bought a new stake in PIMCO Strategic Income Fund in the 2nd quarter worth $189,000. Atomi Financial Group Inc. grew its holdings in PIMCO Strategic Income Fund by 17.1% in the 2nd quarter. Atomi Financial Group Inc. now owns 99,011 shares of the investment management company's stock worth $615,000 after acquiring an additional 14,475 shares during the last quarter. Baker Avenue Asset Management LP bought a new position in shares of PIMCO Strategic Income Fund during the third quarter valued at about $681,000. Finally, Cetera Investment Advisers raised its stake in shares of 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 acquiring an additional 50,837 shares during the last quarter. 13.48% of the stock is currently owned by hedge funds and other institutional investors.

PIMCO Strategic Income Fund Stock Down 0.4 %

Shares of NYSE RCS traded down $0.03 during trading hours on Friday, hitting $7.71. The company's stock had a trading volume of 88,108 shares, compared to its average volume of 140,265. PIMCO Strategic Income Fund, Inc. has a 12 month low of $5.42 and a 12 month high of $8.07. The business has a 50-day simple moving average of $7.63 and a 200-day simple moving average of $6.81.

PIMCO Strategic Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be given a $0.051 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 7.94%.

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.