PIMCO Income Strategy Fund (NYSE:PFL) Shares Pass Above 200 Day Moving Average – What’s Next?

PIMCO Income Strategy Fund (NYSE:PFL)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.46 and traded as high as $8.55. PIMCO Income Strategy Fund shares last traded at $8.54, with a volume of 115,640 shares changing hands.

PIMCO Income Strategy Fund Price Performance

The firm has a 50-day moving average of $8.45 and a two-hundred day moving average of $8.47.

PIMCO Income Strategy Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be issued a dividend of $0.0814 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 11.44%. The ex-dividend date is Thursday, February 13th.

Institutional Investors Weigh In On PIMCO Income Strategy Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. raised its position in shares of PIMCO Income Strategy Fund by 11.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 13,793 shares of the investment management company’s stock worth $116,000 after purchasing an additional 1,437 shares during the last quarter. Consolidated Portfolio Review Corp raised its position in shares of PIMCO Income Strategy Fund by 8.8% during the 4th quarter. Consolidated Portfolio Review Corp now owns 22,540 shares of the investment management company’s stock worth $189,000 after purchasing an additional 1,830 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of PIMCO Income Strategy Fund by 9.8% during the 3rd quarter. D.A. Davidson & CO. now owns 24,637 shares of the investment management company’s stock worth $211,000 after purchasing an additional 2,200 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of PIMCO Income Strategy Fund by 10.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 36,239 shares of the investment management company’s stock worth $305,000 after purchasing an additional 3,302 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of PIMCO Income Strategy Fund by 5.3% during the 4th quarter. NewEdge Advisors LLC now owns 88,050 shares of the investment management company’s stock worth $738,000 after purchasing an additional 4,400 shares during the last quarter.

PIMCO Income Strategy Fund Company Profile

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.