PIMCO Income Strategy Fund (NYSE:PFL) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of PIMCO Income Strategy Fund (NYSE:PFL) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.47 and traded as low as $7.77. PIMCO Income Strategy Fund shares last traded at $7.82, with a volume of 267,439 shares trading hands.

PIMCO Income Strategy Fund Trading Down 4.8 %

The firm’s fifty day moving average price is $8.45 and its 200-day moving average price is $8.47.

PIMCO Income Strategy Fund Announces Dividend

The company 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 $0.0814 dividend. This represents a $0.98 annualized dividend and a yield of 12.49%. The ex-dividend date of this dividend is Friday, April 11th.

Institutional Investors Weigh In On PIMCO Income Strategy Fund

A number of hedge funds have recently made changes to their positions in the business. Apollon Wealth Management LLC grew its holdings in PIMCO Income Strategy Fund by 19.2% in the 4th quarter. Apollon Wealth Management LLC now owns 69,413 shares of the investment management company’s stock worth $582,000 after buying an additional 11,200 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of PIMCO Income Strategy Fund in the fourth quarter worth $611,000. Financial Advocates Investment Management grew its stake in shares of PIMCO Income Strategy Fund by 79.9% in the fourth quarter. Financial Advocates Investment Management now owns 23,033 shares of the investment management company’s stock worth $193,000 after purchasing an additional 10,233 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of PIMCO Income Strategy Fund by 16.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 62,641 shares of the investment management company’s stock valued at $525,000 after purchasing an additional 8,764 shares during the period. Finally, Consolidated Portfolio Review Corp raised its stake in shares of PIMCO Income Strategy Fund by 8.8% during the fourth quarter. Consolidated Portfolio Review Corp now owns 22,540 shares of the investment management company’s stock valued at $189,000 after purchasing an additional 1,830 shares in the last quarter.

About PIMCO Income Strategy Fund

PIMCO Income Strategy Fund 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 invests in a diversified portfolio of floating rate debt instruments with an average duration of around three years.