PIMCO Strategic Income Fund (NYSE:RCS) Shares Cross Above 50-Day Moving Average of $5.92

PIMCO Strategic Income Fund, Inc. (NYSE:RCSGet Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.92 and traded as high as $6.10. PIMCO Strategic Income Fund shares last traded at $6.06, with a volume of 121,327 shares changing hands.

PIMCO Strategic Income Fund Trading Up 0.3 %

The business’s 50-day simple moving average is $5.92 and its two-hundred day simple moving average is $5.54.

PIMCO Strategic Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, January 12th will be paid a $0.051 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.61 dividend on an annualized basis and a yield of 10.10%.

Institutional Investors Weigh In On PIMCO Strategic Income Fund

Several institutional investors have recently made changes to their positions in RCS. Belpointe Asset Management LLC raised its stake in shares of PIMCO Strategic Income Fund by 855.0% during the 1st quarter. Belpointe Asset Management LLC now owns 4,775 shares of the investment management company’s stock valued at $25,000 after purchasing an additional 4,275 shares during the period. Clear Street Markets LLC bought a new stake in shares of PIMCO Strategic Income Fund during the first quarter valued at about $25,000. Worth Asset Management LLC purchased a new stake in shares of PIMCO Strategic Income Fund in the first quarter worth about $38,000. Wells Fargo & Company MN increased its holdings in shares of PIMCO Strategic Income Fund by 42.5% in the fourth quarter. Wells Fargo & Company MN now owns 8,587 shares of the investment management company’s stock worth $42,000 after purchasing an additional 2,559 shares during the period. Finally, Keystone Financial Group bought a new stake in shares of PIMCO Strategic Income Fund during the 2nd quarter valued at about $53,000. Hedge funds and other institutional investors own 14.03% of the company’s stock.

PIMCO Strategic Income Fund Company Profile

(Get Free Report)

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.

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