PIMCO Strategic Income Fund (NYSE:RCS) Stock Crosses Above Fifty Day Moving Average of $6.30

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $6.30 and traded as high as $6.88. PIMCO Strategic Income Fund shares last traded at $6.72, with a volume of 204,416 shares traded.

PIMCO Strategic Income Fund Stock Performance

The company has a 50 day moving average of $6.32 and a 200-day moving average of $6.12.

PIMCO Strategic Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, August 1st. Investors of record on Thursday, July 11th were paid a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a yield of 9.13%. The ex-dividend date of this dividend was Thursday, July 11th.

Hedge Funds Weigh In On PIMCO Strategic Income Fund

Several large investors have recently added to or reduced their stakes in RCS. Principal Securities Inc. acquired a new stake in PIMCO Strategic Income Fund in the fourth quarter worth $28,000. Keystone Financial Group acquired a new stake in PIMCO Strategic Income Fund in the fourth quarter worth $62,000. Raymond James Financial Services Advisors Inc. increased its position in PIMCO Strategic Income Fund by 12.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 44,462 shares of the investment management company’s stock worth $270,000 after buying an additional 4,920 shares during the period. Atomi Financial Group Inc. increased its position in PIMCO Strategic Income Fund by 135.8% in the first quarter. Atomi Financial Group Inc. now owns 84,536 shares of the investment management company’s stock worth $515,000 after buying an additional 48,682 shares during the period. Finally, Milestone Asset Management LLC acquired a new position in shares of PIMCO Strategic Income Fund during the first quarter valued at $528,000. 13.48% of the stock is currently owned by institutional investors.

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.