PIMCO Income Strategy Fund (NYSE:PFL) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

PIMCO Income Strategy Fund (NYSE:PFL) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.38 and traded as low as $8.38. PIMCO Income Strategy Fund shares last traded at $8.4010, with a volume of 300,724 shares.

PIMCO Income Strategy Fund Trading Down 0.8%

The company has a fifty day simple moving average of $8.49 and a two-hundred day simple moving average of $8.38.

PIMCO Income Strategy Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, November 3rd. Shareholders of record on Tuesday, October 14th were issued a dividend of $0.0814 per share. The ex-dividend date was Tuesday, October 14th. This represents a c) annualized dividend and a yield of 11.6%.

Institutional Investors Weigh In On PIMCO Income Strategy Fund

Several large investors have recently bought and sold shares of the stock. Guggenheim Capital LLC increased its holdings in PIMCO Income Strategy Fund by 10.6% during the 2nd quarter. Guggenheim Capital LLC now owns 866,680 shares of the investment management company’s stock worth $7,228,000 after purchasing an additional 83,095 shares during the period. Centaurus Financial Inc. increased its holdings in PIMCO Income Strategy Fund by 5.5% during the 2nd quarter. Centaurus Financial Inc. now owns 357,970 shares of the investment management company’s stock worth $2,985,000 after purchasing an additional 18,759 shares during the period. Invesco Ltd. increased its holdings in PIMCO Income Strategy Fund by 3.3% during the 2nd quarter. Invesco Ltd. now owns 317,312 shares of the investment management company’s stock worth $2,646,000 after purchasing an additional 10,168 shares during the period. LPL Financial LLC increased its holdings in PIMCO Income Strategy Fund by 3.0% during the 1st quarter. LPL Financial LLC now owns 247,403 shares of the investment management company’s stock worth $2,128,000 after purchasing an additional 7,321 shares during the period. Finally, Bank of America Corp DE increased its holdings in PIMCO Income Strategy Fund by 5.4% during the 2nd quarter. Bank of America Corp DE now owns 208,863 shares of the investment management company’s stock worth $1,742,000 after purchasing an additional 10,656 shares during the period.

About PIMCO Income Strategy Fund

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.