Shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $7.41 and traded as high as $7.63. PIMCO Strategic Income Fund shares last traded at $7.57, with a volume of 109,283 shares.
PIMCO Strategic Income Fund Price Performance
The stock's 50 day simple moving average is $7.41 and its 200 day simple moving average is $6.63.
PIMCO Strategic Income Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 11th will be paid a $0.051 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.61 annualized dividend and a yield of 8.08%.
Institutional Investors Weigh In On PIMCO Strategic Income Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RCS. Straight Path Wealth Management grew its position in PIMCO Strategic Income Fund by 17.1% during the 2nd quarter. Straight Path Wealth Management now owns 27,436 shares of the investment management company's stock worth $170,000 after purchasing an additional 4,014 shares during the period. J.W. Cole Advisors Inc. acquired a new position in PIMCO Strategic Income Fund in the second quarter valued at about $189,000. Atomi Financial Group Inc. boosted its position in shares of PIMCO Strategic Income Fund by 135.8% during the 1st quarter. Atomi Financial Group Inc. now owns 84,536 shares of the investment management company's stock worth $515,000 after purchasing an additional 48,682 shares during the period. Cetera Investment Advisers grew its stake in shares of PIMCO Strategic Income Fund by 35.4% in 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 in the last quarter. Finally, Milestone Asset Management LLC increased its stake in PIMCO Strategic Income Fund by 170.8% during the second quarter. Milestone Asset Management LLC now owns 234,836 shares of the investment management company's stock worth $1,458,000 after purchasing an additional 148,122 shares during the period. 13.48% of the stock is currently owned by hedge funds and other institutional investors.
About PIMCO Strategic Income Fund
(
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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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