Raymond James Financial Services Advisors Inc. Buys 4,920 Shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Raymond James Financial Services Advisors Inc. grew its stake in PIMCO Strategic Income Fund, Inc. (NYSE:RCS) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,462 shares of the investment management company’s stock after purchasing an additional 4,920 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.10% of PIMCO Strategic Income Fund worth $270,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. IFP Advisors Inc bought a new stake in PIMCO Strategic Income Fund during the fourth quarter worth $2,583,000. LPL Financial LLC lifted its holdings in PIMCO Strategic Income Fund by 19.0% during the third quarter. LPL Financial LLC now owns 643,213 shares of the investment management company’s stock worth $3,415,000 after acquiring an additional 102,907 shares during the period. Kestra Advisory Services LLC lifted its holdings in PIMCO Strategic Income Fund by 51.0% during the third quarter. Kestra Advisory Services LLC now owns 315,261 shares of the investment management company’s stock worth $1,674,000 after acquiring an additional 106,524 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in PIMCO Strategic Income Fund by 4.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 507,748 shares of the investment management company’s stock worth $2,696,000 after acquiring an additional 20,195 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in PIMCO Strategic Income Fund by 2.0% during the third quarter. Janney Montgomery Scott LLC now owns 103,249 shares of the investment management company’s stock worth $548,000 after acquiring an additional 2,010 shares during the period. Institutional investors own 13.48% of the company’s stock.

PIMCO Strategic Income Fund Trading Up 1.1 %

Shares of PIMCO Strategic Income Fund stock opened at $5.67 on Tuesday. The business’s fifty day simple moving average is $6.06 and its 200 day simple moving average is $5.79. PIMCO Strategic Income Fund, Inc. has a 12 month low of $4.51 and a 12 month high of $6.31.

PIMCO Strategic Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 11th will be given a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 10.79%. The ex-dividend date of this dividend is Wednesday, April 10th.

PIMCO Strategic Income Fund Profile

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.