PIMCO Income Strategy Fund (NYSE:PFL) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of PIMCO Income Strategy Fund (NYSE:PFL) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $8.53 and traded as high as $8.60. PIMCO Income Strategy Fund shares last traded at $8.53, with a volume of 84,351 shares trading hands.

PIMCO Income Strategy Fund Price Performance

The company has a 50-day moving average price of $8.53 and a 200-day moving average price of $8.35.

PIMCO Income Strategy Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be paid a $0.0814 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 11.45%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its position in shares of PIMCO Income Strategy Fund by 1.3% during the second quarter. Commonwealth Equity Services LLC now owns 124,640 shares of the investment management company’s stock worth $1,016,000 after purchasing an additional 1,616 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in PIMCO Income Strategy Fund by 731.7% during the first quarter. Geneos Wealth Management Inc. now owns 4,641 shares of the investment management company’s stock worth $39,000 after acquiring an additional 4,083 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in PIMCO Income Strategy Fund by 9.4% in the first quarter. Janney Montgomery Scott LLC now owns 48,154 shares of the investment management company’s stock valued at $408,000 after acquiring an additional 4,150 shares during the period. Cetera Investment Advisers raised its position in shares of PIMCO Income Strategy Fund by 3.1% during the second quarter. Cetera Investment Advisers now owns 185,296 shares of the investment management company’s stock worth $1,510,000 after purchasing an additional 5,625 shares during the period. Finally, Atria Wealth Solutions Inc. lifted its holdings in shares of PIMCO Income Strategy Fund by 3.1% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 252,397 shares of the investment management company’s stock valued at $2,057,000 after purchasing an additional 7,693 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.