PIMCO Strategic Income Fund, Inc. $RCS Position Reduced by Owen LaRue LLC

Key Points

• Owen LaRue LLC significantly reduced its stake in PIMCO Strategic Income Fund by 41.2% during the second quarter, now holding 81,828 shares valued at approximately $570,000.
• In contrast, Comerica Bank increased its stake by 959.0% in the first quarter, now owning 5,295 shares valued at $33,000.
• PIMCO Strategic Income Fund announced a monthly dividend of $0.04 per share, yielding 6.4%, with the payment scheduled for October 1st.

Owen LaRue LLC lowered its stake in PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Free Report) by 41.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 81,828 shares of the investment management company's stock after selling 57,239 shares during the period. Owen LaRue LLC owned 0.18% of PIMCO Strategic Income Fund worth $570,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Comerica Bank increased its holdings in PIMCO Strategic Income Fund by 959.0% in the first quarter. Comerica Bank now owns 5,295 shares of the investment management company's stock valued at $33,000 after buying an additional 4,795 shares during the last quarter. Ieq Capital LLC acquired a new position in shares of PIMCO Strategic Income Fund in the 1st quarter worth approximately $63,000. Barnes Wealth Management Group Inc increased its holdings in shares of PIMCO Strategic Income Fund by 61.9% in the 1st quarter. Barnes Wealth Management Group Inc now owns 16,875 shares of the investment management company's stock valued at $105,000 after acquiring an additional 6,450 shares during the last quarter. Modern Wealth Management LLC acquired a new stake in shares of PIMCO Strategic Income Fund during the 1st quarter valued at approximately $191,000. Finally, Mutual Advisors LLC raised its position in shares of PIMCO Strategic Income Fund by 32.8% during the 1st quarter. Mutual Advisors LLC now owns 65,258 shares of the investment management company's stock valued at $408,000 after acquiring an additional 16,101 shares in the last quarter. Institutional investors own 13.48% of the company's stock.

PIMCO Strategic Income Fund Stock Down 0.5%

PIMCO Strategic Income Fund stock opened at $7.55 on Friday. PIMCO Strategic Income Fund, Inc. has a 12 month low of $5.25 and a 12 month high of $8.09. The company has a fifty day moving average price of $7.22 and a two-hundred day moving average price of $6.63.

PIMCO Strategic Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be given a dividend of $0.04 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, September 12th.

PIMCO Strategic Income Fund 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.

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