PIMCO Strategic Income Fund (NYSE:RCS) Share Price Crosses Below 50-Day Moving Average - What's Next?

PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.92 and traded as low as $6.40. PIMCO Strategic Income Fund shares last traded at $6.45, with a volume of 108,413 shares.

PIMCO Strategic Income Fund Stock Down 0.9 %

The business has a 50 day moving average price of $6.83 and a 200 day moving average price of $7.21.

PIMCO Strategic Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.47%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Stifel Financial Corp bought a new position in shares of PIMCO Strategic Income Fund during the fourth quarter valued at $80,000. HighTower Advisors LLC bought a new position in shares of PIMCO Strategic Income Fund during the fourth quarter valued at $82,000. FSA Wealth Management LLC bought a new position in shares of PIMCO Strategic Income Fund during the third quarter valued at $108,000. Centric Wealth Management bought a new position in shares of PIMCO Strategic Income Fund during the fourth quarter valued at $133,000. Finally, Straight Path Wealth Management lifted its holdings in shares of PIMCO Strategic Income Fund by 7.2% during the fourth quarter. Straight Path Wealth Management now owns 29,759 shares of the investment management company's stock valued at $227,000 after purchasing an additional 2,011 shares in the last quarter. 13.48% of the stock is owned by institutional investors.

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.