Pimco Income Strategy Fund (NYSE:PFL) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.99 and traded as high as $12.30. Pimco Income Strategy Fund shares last traded at $12.29, with a volume of 136,162 shares changing hands.

The stock’s fifty day moving average price is $12.02 and its 200-day moving average price is $11.71.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 13th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.80%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. boosted its holdings in Pimco Income Strategy Fund by 8.8% in the 2nd quarter. Invesco Ltd. now owns 169,950 shares of the investment management company’s stock valued at $2,007,000 after purchasing an additional 13,682 shares during the period. Bank of America Corp DE boosted its holdings in Pimco Income Strategy Fund by 8.6% in the 2nd quarter. Bank of America Corp DE now owns 138,899 shares of the investment management company’s stock valued at $1,641,000 after purchasing an additional 11,038 shares during the period. Morgan Stanley boosted its holdings in Pimco Income Strategy Fund by 4.9% in the 2nd quarter. Morgan Stanley now owns 189,143 shares of the investment management company’s stock valued at $2,234,000 after purchasing an additional 8,751 shares during the period. Royal Bank of Canada boosted its holdings in Pimco Income Strategy Fund by 5.7% in the 2nd quarter. Royal Bank of Canada now owns 51,618 shares of the investment management company’s stock valued at $609,000 after purchasing an additional 2,790 shares during the period. Finally, FNY Investment Advisers LLC raised its stake in shares of Pimco Income Strategy Fund by 2,063.8% in the 3rd quarter. FNY Investment Advisers LLC now owns 5,258 shares of the investment management company’s stock valued at $60,000 after buying an additional 5,015 shares in the last quarter.

Pimco Income Strategy Fund Company Profile (NYSE:PFL)

PIMCO Income Strategy Fund 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 invests in a diversified portfolio of floating rate debt instruments with an average duration of around three years.

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