Keystone Financial Group Makes New Investment in PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Keystone Financial Group purchased a new stake in PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 53,430 shares of the investment management company's stock, valued at approximately $407,000. Keystone Financial Group owned about 0.12% of PIMCO Strategic Income Fund as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC bought a new position in PIMCO Strategic Income Fund in the fourth quarter valued at about $82,000. Centric Wealth Management acquired a new position in PIMCO Strategic Income Fund during the 4th quarter worth approximately $133,000. Straight Path Wealth Management lifted its stake in PIMCO Strategic Income Fund by 7.2% in the 4th quarter. Straight Path Wealth Management now owns 29,759 shares of the investment management company's stock valued at $227,000 after purchasing an additional 2,011 shares during the last quarter. Mutual Advisors LLC boosted its position in PIMCO Strategic Income Fund by 93.3% in the fourth quarter. Mutual Advisors LLC now owns 49,157 shares of the investment management company's stock valued at $375,000 after buying an additional 23,724 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of PIMCO Strategic Income Fund during the fourth quarter worth $442,000. Institutional investors and hedge funds own 13.48% of the company's stock.

PIMCO Strategic Income Fund Trading Up 0.5 %

Shares of NYSE RCS traded up $0.03 during mid-day trading on Friday, hitting $5.37. 227,788 shares of the stock traded hands, compared to its average volume of 163,049. PIMCO Strategic Income Fund, Inc. has a twelve month low of $5.25 and a twelve month high of $8.09. The firm has a 50 day simple moving average of $6.15 and a two-hundred day simple moving average of $6.90.

PIMCO Strategic Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be paid a $0.04 dividend. This represents a $0.48 annualized dividend and a dividend yield of 8.95%. The ex-dividend date of this dividend is Friday, April 11th.

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.