PIMCO Strategic Income Fund (NYSE:RCS) Stock Price Passes Below 50-Day Moving Average – Here’s Why

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.92 and traded as low as $6.40. PIMCO Strategic Income Fund shares last traded at $6.45, with a volume of 108,413 shares.

PIMCO Strategic Income Fund Stock Performance

The business’s 50 day simple moving average is $6.92 and its 200 day simple moving average is $7.22.

PIMCO Strategic Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.45%.

Hedge Funds Weigh In On PIMCO Strategic Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Benjamin Edwards Inc. purchased a new stake in shares of PIMCO Strategic Income Fund in the third quarter valued at $2,965,000. Baker Avenue Asset Management LP acquired a new position in PIMCO Strategic Income Fund during the third quarter valued at $681,000. Balboa Wealth Partners lifted its stake in PIMCO Strategic Income Fund by 248.5% in the 3rd quarter. Balboa Wealth Partners now owns 158,896 shares of the investment management company’s stock worth $1,222,000 after acquiring an additional 113,307 shares in the last quarter. Cetera Investment Advisers boosted its position in PIMCO Strategic Income Fund by 35.4% during the 2nd quarter. Cetera Investment Advisers now owns 194,417 shares of the investment management company’s stock worth $1,207,000 after acquiring an additional 50,837 shares during the period. Finally, Mutual Advisors LLC grew its stake in PIMCO Strategic Income Fund by 93.3% during the 4th quarter. Mutual Advisors LLC now owns 49,157 shares of the investment management company’s stock valued at $375,000 after acquiring an additional 23,724 shares in the last quarter. Institutional investors and hedge funds own 13.48% of the company’s stock.

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.