Cambridge Investment Research Advisors Inc. raised its holdings in PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Free Report) by 142.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,979,232 shares of the investment management company's stock after purchasing an additional 1,162,247 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 4.30% of PIMCO Strategic Income Fund worth $12,370,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in PIMCO Strategic Income Fund by 15.5% in the 4th quarter. LPL Financial LLC now owns 1,239,924 shares of the investment management company's stock valued at $9,448,000 after purchasing an additional 166,096 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of PIMCO Strategic Income Fund during the 4th quarter valued at approximately $80,000. Raymond James Financial Inc. acquired a new stake in shares of PIMCO Strategic Income Fund during the 4th quarter valued at approximately $442,000. HighTower Advisors LLC acquired a new stake in shares of PIMCO Strategic Income Fund during the 4th quarter valued at approximately $82,000. Finally, Owen LaRue LLC raised its position in shares of PIMCO Strategic Income Fund by 3.4% during 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 last quarter. Hedge funds and other institutional investors own 13.48% of the company's stock.
PIMCO Strategic Income Fund Trading Down 0.1%
Shares of PIMCO Strategic Income Fund stock traded down $0.01 during trading on Friday, hitting $6.94. 84,603 shares of the company were exchanged, compared to its average volume of 165,657. PIMCO Strategic Income Fund, Inc. has a fifty-two week low of $5.25 and a fifty-two week high of $8.09. The firm has a 50 day moving average price of $6.33 and a 200 day moving average price of $6.39.
PIMCO Strategic Income Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Thursday, June 12th will be issued a $0.04 dividend. The ex-dividend date is Thursday, June 12th. This represents a $0.48 annualized dividend and a yield of 6.92%.
About PIMCO Strategic Income Fund
(
Free Report)
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.
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