PIMCO Strategic Income Fund, Inc. $RCS Shares Sold by Balboa Wealth Partners

Key Points

• Balboa Wealth Partners reduced its holdings in PIMCO Strategic Income Fund by 32.7% during the second quarter, selling 53,282 shares and now owning 109,552 shares worth $762,000.
• Other institutional investors, including Cambridge Investment Research Advisors, increased their stakes significantly, with Cambridge raising theirs by 142.3%, owning approximately $12.37 million in shares after acquiring additional stock.
• PIMCO Strategic Income Fund declared a monthly dividend of $0.04 per share, set to be paid on November 3rd, representing an annualized yield of 6.6%.

Balboa Wealth Partners reduced its holdings in PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Free Report) by 32.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,552 shares of the investment management company's stock after selling 53,282 shares during the quarter. Balboa Wealth Partners owned approximately 0.23% of PIMCO Strategic Income Fund worth $762,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its stake in PIMCO Strategic Income Fund by 142.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 1,979,232 shares of the investment management company's stock worth $12,370,000 after acquiring an additional 1,162,247 shares during the last quarter. Modern Wealth Management LLC acquired a new stake in PIMCO Strategic Income Fund during the first quarter worth about $191,000. Janney Montgomery Scott LLC increased its stake in PIMCO Strategic Income Fund by 15.2% during the first quarter. Janney Montgomery Scott LLC now owns 141,651 shares of the investment management company's stock worth $885,000 after acquiring an additional 18,687 shares during the last quarter. Mutual Advisors LLC increased its stake in PIMCO Strategic Income Fund by 32.8% during the first quarter. Mutual Advisors LLC now owns 65,258 shares of the investment management company's stock worth $408,000 after acquiring an additional 16,101 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its stake in PIMCO Strategic Income Fund by 3.8% during the first quarter. Benjamin Edwards Inc. now owns 405,341 shares of the investment management company's stock worth $2,533,000 after acquiring an additional 14,755 shares during the last quarter. 13.48% of the stock is currently owned by institutional investors and hedge funds.

PIMCO Strategic Income Fund Stock Performance

Shares of NYSE:RCS opened at $7.33 on Monday. The business has a 50-day moving average of $7.39 and a two-hundred day moving average of $6.79. 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 Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Tuesday, October 14th will be paid a dividend of $0.04 per share. The ex-dividend date is Tuesday, October 14th. This represents a c) annualized dividend and a yield of 6.6%.

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.

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