PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.13 and traded as low as $6.29. PIMCO Strategic Income Fund shares last traded at $6.35, with a volume of 52,367 shares.
PIMCO Strategic Income Fund Price Performance
The firm's fifty day simple moving average is $6.38 and its 200-day simple moving average is $7.13.
PIMCO Strategic Income Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.48 annualized dividend and a dividend yield of 7.67%.
Hedge Funds Weigh In On PIMCO Strategic Income Fund
A number of institutional investors have recently made changes to their positions in the stock. Benjamin Edwards Inc. purchased a new stake in PIMCO Strategic Income Fund during the 3rd quarter worth about $2,965,000. Bravias Capital Group LLC purchased a new position in shares of PIMCO Strategic Income Fund during the fourth quarter valued at approximately $632,000. Mutual Advisors LLC grew its stake in PIMCO Strategic Income Fund by 93.3% in 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 period. Straight Path Wealth Management lifted its stake in shares of PIMCO Strategic Income Fund by 7.2% during the 4th quarter. Straight Path Wealth Management now owns 29,759 shares of the investment management company's stock worth $227,000 after purchasing an additional 2,011 shares during the period. Finally, Balboa Wealth Partners boosted its holdings in shares of PIMCO Strategic Income Fund by 4.6% during the fourth quarter. Balboa Wealth Partners now owns 166,226 shares of the investment management company's stock worth $1,267,000 after purchasing an additional 7,330 shares during the last quarter. 13.48% of the stock is owned by institutional investors and hedge funds.
About PIMCO Strategic Income Fund
(
Get 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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