Commonwealth Equity Services LLC Reduces Position in PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Commonwealth Equity Services LLC trimmed its holdings in PIMCO Strategic Income Fund, Inc. (NYSE:RCS) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 409,728 shares of the investment management company’s stock after selling 13,124 shares during the quarter. Commonwealth Equity Services LLC’s holdings in PIMCO Strategic Income Fund were worth $3,122,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of RCS. Benjamin Edwards Inc. bought a new position in PIMCO Strategic Income Fund in the 3rd quarter valued at $2,965,000. Bravias Capital Group LLC bought a new position in shares of PIMCO Strategic Income Fund in the fourth quarter worth about $632,000. Straight Path Wealth Management increased its stake in PIMCO Strategic Income Fund by 7.2% in the 4th 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 period. Mutual Advisors LLC increased its stake in PIMCO Strategic Income Fund by 93.3% in the 4th quarter. Mutual Advisors LLC now owns 49,157 shares of the investment management company’s stock worth $375,000 after buying an additional 23,724 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in PIMCO Strategic Income Fund during the 3rd quarter valued at about $108,000. 13.48% of the stock is owned by institutional investors.

PIMCO Strategic Income Fund Stock Performance

Shares of RCS stock opened at $6.22 on Wednesday. The company’s 50-day simple moving average is $6.38 and its two-hundred day simple moving average is $7.12. PIMCO Strategic Income Fund, Inc. has a one year low of $5.54 and a one year high of $8.09.

PIMCO Strategic Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be issued a $0.04 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.72%.

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.