Milestone Asset Management LLC Decreases Stake in PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Milestone Asset Management LLC cut its stake in PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Free Report) by 48.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,859 shares of the investment management company's stock after selling 126,539 shares during the quarter. Milestone Asset Management LLC owned 0.29% of PIMCO Strategic Income Fund worth $1,020,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. FSA Wealth Management LLC purchased a new position in PIMCO Strategic Income Fund in the third quarter worth about $108,000. Mutual Advisors LLC boosted its holdings in shares of PIMCO Strategic Income Fund by 93.3% in the fourth quarter. Mutual Advisors LLC now owns 49,157 shares of the investment management company's stock worth $375,000 after buying an additional 23,724 shares during the last quarter. Baker Avenue Asset Management LP bought a new stake in PIMCO Strategic Income Fund during the third quarter valued at approximately $681,000. Balboa Wealth Partners grew its position in PIMCO Strategic Income Fund by 248.5% during the third quarter. Balboa Wealth Partners now owns 158,896 shares of the investment management company's stock valued at $1,222,000 after buying an additional 113,307 shares during the period. Finally, Cetera Investment Advisers increased 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 buying an additional 50,837 shares during the last quarter. 13.48% of the stock is owned by hedge funds and other institutional investors.

PIMCO Strategic Income Fund Price Performance

NYSE RCS traded up $0.10 on Thursday, hitting $6.46. 75,341 shares of the company traded hands, compared to its average volume of 365,904. The business's 50 day moving average price is $7.16 and its 200-day moving average price is $7.22. PIMCO Strategic Income Fund, Inc. has a 52-week low of $5.54 and a 52-week high of $8.09.

PIMCO Strategic Income Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be given a dividend of $0.04 per share. The ex-dividend date is Monday, January 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.44%.

PIMCO Strategic Income Fund Company Profile

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.