PIMCO Strategic Income Fund, Inc. (NYSE:RCS – Get Free Report)’s stock price passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $4.98 and traded as low as $4.95. PIMCO Strategic Income Fund shares last traded at $4.9550, with a volume of 83,983 shares.
PIMCO Strategic Income Fund Trading Down 0.9%
The business has a fifty day simple moving average of $4.98 and a 200 day simple moving average of $5.33.
PIMCO Strategic Income Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.48 annualized dividend and a dividend yield of 9.7%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. lifted its position in PIMCO Strategic Income Fund by 8.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 481,178 shares of the investment management company’s stock valued at $2,435,000 after purchasing an additional 35,828 shares during the last quarter. Americana Partners LLC acquired a new position in PIMCO Strategic Income Fund during the 3rd quarter valued at about $51,000. Verdence Capital Advisors LLC acquired a new position in PIMCO Strategic Income Fund during the 3rd quarter valued at about $72,000. Integrated Wealth Concepts LLC bought a new position in PIMCO Strategic Income Fund in the 2nd quarter worth about $41,000. Finally, Readystate Asset Management LP bought a new position in PIMCO Strategic Income Fund in the 2nd quarter worth about $185,000. Institutional investors and hedge funds own 13.48% of the company’s stock.
About PIMCO Strategic Income Fund
PIMCO Strategic Income Fund is a closed-end investment company managed by Pacific Investment Management Company (PIMCO). Its primary objective is to seek high current income, with capital appreciation as a secondary objective. The fund invests in a diversified portfolio of income-producing debt securities from U.S. and international issuers. Its investments may include government and corporate bonds, mortgage-related securities, and debt from emerging-market issuers. The fund provides exposure to fixed-income markets across multiple regions and sectors.
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