Janney Montgomery Scott LLC Has $885,000 Stock Holdings in PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Janney Montgomery Scott LLC lifted its position in PIMCO Strategic Income Fund, Inc. (NYSE:RCS) by 15.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,651 shares of the investment management company’s stock after buying an additional 18,687 shares during the quarter. Janney Montgomery Scott LLC’s holdings in PIMCO Strategic Income Fund were worth $885,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stifel Financial Corp bought a new stake in PIMCO Strategic Income Fund in the fourth quarter valued at approximately $80,000. HighTower Advisors LLC acquired a new position in shares of PIMCO Strategic Income Fund during the 4th quarter worth approximately $82,000. Centric Wealth Management bought a new stake in PIMCO Strategic Income Fund in the 4th quarter valued at $133,000. Vanguard Capital Wealth Advisors bought a new stake in PIMCO Strategic Income Fund in the 4th quarter valued at $190,000. Finally, Straight Path Wealth Management lifted its holdings in PIMCO Strategic Income Fund by 7.2% during the 4th quarter. Straight Path Wealth Management now owns 29,759 shares of the investment management company’s stock valued at $227,000 after purchasing an additional 2,011 shares during the last quarter. Institutional investors own 13.48% of the company’s stock.

PIMCO Strategic Income Fund Price Performance

Shares of RCS opened at $6.94 on Tuesday. The company’s 50-day moving average is $6.36 and its 200-day moving average is $6.38. PIMCO Strategic Income Fund, Inc. has a fifty-two week low of $5.25 and a fifty-two week high of $8.09.

PIMCO Strategic Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Thursday, June 12th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.48 annualized dividend and a yield of 6.92%.

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.