Balboa Wealth Partners Purchases 113,307 Shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Balboa Wealth Partners lifted its stake in shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS) by 248.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 158,896 shares of the investment management company’s stock after acquiring an additional 113,307 shares during the quarter. Balboa Wealth Partners owned approximately 0.34% of PIMCO Strategic Income Fund worth $1,222,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RCS. Straight Path Wealth Management lifted its holdings in shares of PIMCO Strategic Income Fund by 17.1% in the 2nd quarter. Straight Path Wealth Management now owns 27,436 shares of the investment management company’s stock worth $170,000 after acquiring an additional 4,014 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in shares of PIMCO Strategic Income Fund by 17.1% in the second quarter. Atomi Financial Group Inc. now owns 99,011 shares of the investment management company’s stock valued at $615,000 after purchasing an additional 14,475 shares during the period. J.W. Cole Advisors Inc. purchased a new position in PIMCO Strategic Income Fund during the 2nd quarter valued at about $189,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of PIMCO Strategic Income Fund by 6.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 865,572 shares of the investment management company’s stock worth $5,375,000 after buying an additional 49,004 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in PIMCO Strategic Income Fund by 35.4% in the second quarter. Cetera Investment Advisers now owns 194,417 shares of the investment management company’s stock valued at $1,207,000 after purchasing an additional 50,837 shares during the period. 13.48% of the stock is owned by hedge funds and other institutional investors.

PIMCO Strategic Income Fund Price Performance

NYSE RCS opened at $7.74 on Friday. The company’s fifty day simple moving average is $7.61 and its 200-day simple moving average is $6.79. PIMCO Strategic Income Fund, Inc. has a 52 week low of $5.42 and a 52 week high of $8.07.

PIMCO Strategic Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.051 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.61 annualized dividend and a dividend yield of 7.91%.

About PIMCO Strategic Income Fund

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.