PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Get Free Report) passed 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 traded.
PIMCO Strategic Income Fund Trading Up 1.3 %
The firm's fifty day moving average is $7.42 and its 200 day moving average is $6.64.
PIMCO Strategic Income Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 11th will be issued a dividend of $0.051 per share. The ex-dividend date is Friday, October 11th. This represents a $0.61 annualized dividend and a dividend yield of 8.01%.
Institutional Trading of PIMCO Strategic Income Fund
Several large investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its holdings in PIMCO Strategic Income Fund by 6.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 865,572 shares of the investment management company's stock valued at $5,375,000 after acquiring an additional 49,004 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in PIMCO Strategic Income Fund by 1.2% during the first quarter. Commonwealth Equity Services LLC now owns 430,885 shares of the investment management company's stock worth $2,624,000 after buying an additional 5,048 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in PIMCO Strategic Income Fund by 38.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 380,285 shares of the investment management company's stock valued at $2,362,000 after buying an additional 104,932 shares during the period. Milestone Asset Management LLC raised its stake in shares of PIMCO Strategic Income Fund by 170.8% in the 2nd quarter. Milestone Asset Management LLC now owns 234,836 shares of the investment management company's stock valued at $1,458,000 after buying an additional 148,122 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of PIMCO Strategic Income Fund by 35.4% during the 2nd 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 in the last quarter. 13.48% of the stock is owned by 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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