PIMCO Strategic Income Fund, Inc. (NYSE:RCS) Stake Boosted by LPL Financial LLC

LPL Financial LLC increased its position in shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS) by 15.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,239,924 shares of the investment management company’s stock after acquiring an additional 166,096 shares during the period. LPL Financial LLC’s holdings in PIMCO Strategic Income Fund were worth $9,448,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC acquired a new position in PIMCO Strategic Income Fund in the 4th quarter worth about $82,000. Straight Path Wealth Management increased its holdings in PIMCO Strategic Income Fund by 7.2% in the fourth quarter. Straight Path Wealth Management now owns 29,759 shares of the investment management company’s stock worth $227,000 after buying an additional 2,011 shares during the last quarter. Mutual Advisors LLC raised its position in PIMCO Strategic Income Fund by 93.3% during the fourth quarter. Mutual Advisors LLC now owns 49,157 shares of the investment management company’s stock valued at $375,000 after acquiring an additional 23,724 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in PIMCO Strategic Income Fund in the fourth quarter valued at approximately $442,000. Finally, Bravias Capital Group LLC bought a new stake in PIMCO Strategic Income Fund in the fourth quarter worth approximately $632,000. Institutional investors and hedge funds own 13.48% of the company’s stock.

PIMCO Strategic Income Fund Stock Performance

Shares of RCS opened at $5.81 on Friday. The company’s fifty day moving average is $6.33 and its 200-day moving average is $7.05. PIMCO Strategic Income Fund, Inc. has a 12 month low of $5.54 and a 12 month high of $8.09.

PIMCO Strategic Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Friday, April 11th will be given a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 8.27%. The ex-dividend date of this dividend is Friday, April 11th.

PIMCO Strategic Income Fund Company 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.