PIMCO Strategic Income Fund (NYSE:RCS) Stock Crosses Above 50-Day Moving Average - Time to Sell?

Shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $6.69 and traded as high as $7.05. PIMCO Strategic Income Fund shares last traded at $6.99, with a volume of 95,157 shares.

PIMCO Strategic Income Fund Stock Performance

The business has a 50 day simple moving average of $6.72 and a 200-day simple moving average of $6.34.

PIMCO Strategic Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 11th will be given a dividend of $0.04 per share. The ex-dividend date is Friday, July 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.89%.

Institutional Trading of PIMCO Strategic Income Fund

A number of hedge funds have recently modified their holdings of RCS. Cambridge Investment Research Advisors Inc. increased its stake in shares of PIMCO Strategic Income Fund by 142.3% in 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. LPL Financial LLC increased its stake in shares of PIMCO Strategic Income Fund by 15.5% in the fourth quarter. LPL Financial LLC now owns 1,239,924 shares of the investment management company's stock worth $9,448,000 after acquiring an additional 166,096 shares during the last quarter. Benjamin Edwards Inc. increased its stake in shares of PIMCO Strategic Income Fund by 3.8% in 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. Owen LaRue LLC increased its stake in shares of PIMCO Strategic Income Fund by 3.4% in the fourth quarter. Owen LaRue LLC now owns 202,630 shares of the investment management company's stock worth $1,544,000 after acquiring an additional 6,631 shares during the last quarter. Finally, Milestone Asset Management LLC increased its stake in shares of PIMCO Strategic Income Fund by 23.7% in the first quarter. Milestone Asset Management LLC now owns 165,583 shares of the investment management company's stock worth $1,035,000 after acquiring an additional 31,724 shares during the last quarter. Hedge funds and other institutional investors own 13.48% of the company's stock.

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.