PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $7.51 and traded as high as $7.74. PIMCO Strategic Income Fund shares last traded at $7.64, with a volume of 104,983 shares.
PIMCO Strategic Income Fund Trading Up 1.2 %
The stock's 50-day simple moving average is $7.53 and its two-hundred day simple moving average is $6.72.
PIMCO Strategic Income Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be given a dividend of $0.051 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.61 annualized dividend and a dividend yield of 7.92%.
Hedge Funds Weigh In On PIMCO Strategic Income Fund
Hedge funds and other institutional investors have recently made changes to their positions in the company. Straight Path Wealth Management boosted its position in PIMCO Strategic Income Fund by 17.1% during the second quarter. Straight Path Wealth Management now owns 27,436 shares of the investment management company's stock worth $170,000 after acquiring an additional 4,014 shares during the last quarter. Atomi Financial Group Inc. grew its position in shares of PIMCO Strategic Income Fund by 17.1% in the second quarter. Atomi Financial Group Inc. now owns 99,011 shares of the investment management company's stock valued at $615,000 after purchasing an additional 14,475 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of PIMCO Strategic Income Fund in the second quarter valued at approximately $189,000. Cambridge Investment Research Advisors Inc. lifted its position in PIMCO Strategic Income Fund by 6.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 865,572 shares of the investment management company's stock worth $5,375,000 after buying an additional 49,004 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake 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 worth $1,207,000 after buying an additional 50,837 shares during the last quarter. Hedge funds and other institutional investors own 13.48% of the company's stock.
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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