IFP Advisors Inc lowered its position in shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Free Report) by 37.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 320,570 shares of the investment management company's stock after selling 190,663 shares during the period. IFP Advisors Inc owned about 0.70% of PIMCO Strategic Income Fund worth $2,443,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Benjamin Edwards Inc. bought a new stake in PIMCO Strategic Income Fund during the 3rd quarter worth $2,965,000. Balboa Wealth Partners grew its position in PIMCO Strategic Income Fund by 248.5% during the 3rd quarter. Balboa Wealth Partners now owns 158,896 shares of the investment management company's stock worth $1,222,000 after acquiring an additional 113,307 shares during the last quarter. Baker Avenue Asset Management LP bought a new stake in PIMCO Strategic Income Fund during the 3rd quarter worth $681,000. Mutual Advisors LLC grew its position in PIMCO Strategic Income Fund by 93.3% during the 4th quarter. Mutual Advisors LLC now owns 49,157 shares of the investment management company's stock worth $375,000 after acquiring an additional 23,724 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in shares of PIMCO Strategic Income Fund in the 3rd quarter valued at about $108,000. Institutional investors own 13.48% of the company's stock.
PIMCO Strategic Income Fund Trading Up 0.9 %
Shares of NYSE RCS traded up $0.06 during trading on Friday, reaching $6.20. The company had a trading volume of 131,749 shares, compared to its average volume of 277,029. The company's fifty day moving average price is $6.57 and its 200-day moving average price is $7.18. PIMCO Strategic Income Fund, Inc. has a 12 month low of $5.54 and a 12 month high of $8.09.
PIMCO Strategic Income Fund Dividend Announcement
The business 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. The ex-dividend date is Thursday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.75%.
About PIMCO Strategic Income Fund
(
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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