Cambridge Investment Research Advisors Inc. Increases Holdings in PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Cambridge Investment Research Advisors Inc. raised its position in shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Free Report) by 142.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,979,232 shares of the investment management company's stock after buying an additional 1,162,247 shares during the quarter. Cambridge Investment Research Advisors Inc. owned about 4.30% of PIMCO Strategic Income Fund worth $12,370,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. LPL Financial LLC grew its position in PIMCO Strategic Income Fund by 15.5% in the fourth quarter. LPL Financial LLC now owns 1,239,924 shares of the investment management company's stock worth $9,448,000 after acquiring an additional 166,096 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of PIMCO Strategic Income Fund by 1.3% in the 4th quarter. Benjamin Edwards Inc. now owns 390,586 shares of the investment management company's stock valued at $2,976,000 after purchasing an additional 5,053 shares during the last quarter. Owen LaRue LLC boosted its holdings in shares of PIMCO Strategic Income Fund by 3.4% in the 4th quarter. Owen LaRue LLC now owns 202,630 shares of the investment management company's stock worth $1,544,000 after purchasing an additional 6,631 shares during the period. Balboa Wealth Partners increased its position in shares of PIMCO Strategic Income Fund by 4.6% during the 4th quarter. Balboa Wealth Partners now owns 166,226 shares of the investment management company's stock valued at $1,267,000 after purchasing an additional 7,330 shares during the last quarter. Finally, Milestone Asset Management LLC increased its position in shares of PIMCO Strategic Income Fund by 23.7% during the 1st quarter. Milestone Asset Management LLC now owns 165,583 shares of the investment management company's stock valued at $1,035,000 after purchasing an additional 31,724 shares during the last quarter. Institutional investors own 13.48% of the company's stock.

PIMCO Strategic Income Fund Stock Performance

NYSE:RCS traded up $0.02 during midday trading on Wednesday, hitting $6.94. 54,648 shares of the company traded hands, compared to its average volume of 164,778. The firm's fifty day moving average is $6.23 and its 200-day moving average is $6.41. PIMCO Strategic Income Fund, Inc. has a 12-month low of $5.25 and a 12-month high of $8.09.

PIMCO Strategic Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Thursday, June 12th will be paid a $0.04 dividend. This represents a $0.48 annualized dividend and a dividend yield of 6.92%. The ex-dividend date of this dividend is Thursday, June 12th.

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.