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

Shares of PIMCO Income Strategy Fund (NYSE:PFL) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $7.63 and traded as low as $6.70. PIMCO Income Strategy Fund shares last traded at $6.7050, with a volume of 182,317 shares traded.

PIMCO Income Strategy Fund Price Performance

The company’s 50 day moving average is $7.23 and its 200 day moving average is $7.62.

PIMCO Income Strategy Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Tuesday, October 13th will be issued a dividend of $0.0814 per share. The ex-dividend date is Tuesday, October 13th. This represents a $0.98 annualized dividend and a dividend yield of 14.5%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Allworth Financial LP acquired a new position in shares of PIMCO Income Strategy Fund in the second quarter valued at approximately $32,000. Integrated Wealth Concepts LLC acquired a new stake in PIMCO Income Strategy Fund during the 2nd quarter worth approximately $75,000. CoreCap Advisors LLC boosted its position in PIMCO Income Strategy Fund by 47.9% during the 2nd quarter. CoreCap Advisors LLC now owns 12,345 shares of the investment management company’s stock worth $97,000 after buying an additional 4,000 shares during the period. Tudor Financial Inc. bought a new position in shares of PIMCO Income Strategy Fund during the second quarter valued at $116,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of PIMCO Income Strategy Fund during the second quarter valued at $141,000.

PIMCO Income Strategy Fund Company Profile

PIMCO Income Strategy Fund (NYSE: PFL) is a closed-end investment company managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing in a diversified portfolio of fixed-income securities and related investments.

PFL may invest across global credit and bond markets, including corporate debt, government and sovereign obligations, mortgage-related securities, asset-backed securities, emerging-market debt and below-investment-grade securities.