LPL Financial LLC Acquires 166,096 Shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

LPL Financial LLC boosted its holdings in PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Free Report) by 15.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,239,924 shares of the investment management company's stock after buying an additional 166,096 shares during the period. LPL Financial LLC owned 2.69% of PIMCO Strategic Income Fund worth $9,448,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Balboa Wealth Partners grew its position in shares of PIMCO Strategic Income Fund by 4.6% during the fourth quarter. Balboa Wealth Partners now owns 166,226 shares of the investment management company's stock worth $1,267,000 after purchasing an additional 7,330 shares in the last quarter. Bravias Capital Group LLC purchased a new position in PIMCO Strategic Income Fund in the 4th quarter worth approximately $632,000. Raymond James Financial Inc. bought a new position in PIMCO Strategic Income Fund in the 4th quarter worth approximately $442,000. Mutual Advisors LLC grew its holdings in PIMCO Strategic Income Fund by 93.3% during the 4th 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, Straight Path Wealth Management grew its holdings in PIMCO Strategic Income Fund by 7.2% during the 4th quarter. Straight Path Wealth Management now owns 29,759 shares of the investment management company's stock valued at $227,000 after buying an additional 2,011 shares in the last quarter. 13.48% of the stock is owned by institutional investors.

PIMCO Strategic Income Fund Price Performance

Shares of RCS stock traded up $0.03 during mid-day trading on Wednesday, hitting $5.80. The company had a trading volume of 255,087 shares, compared to its average volume of 164,869. The stock's 50 day moving average price is $6.26 and its 200-day moving average price is $6.99. PIMCO Strategic Income Fund, Inc. has a 52-week low of $5.38 and a 52-week high of $8.09.

PIMCO Strategic Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Friday, April 11th will be issued a $0.04 dividend. The ex-dividend date is Friday, April 11th. This represents a $0.48 dividend on an annualized basis and a yield of 8.28%.

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.