PIMCO Strategic Income Fund (NYSE:RCS) Stock Price Passes Above 50-Day Moving Average - What's Next?

PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Get Free Report)'s stock price 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 trading hands.

PIMCO Strategic Income Fund Stock Down 0.3%

The stock has a 50-day simple moving average of $6.71 and a 200 day simple moving average of $6.36.

PIMCO Strategic Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 11th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $0.48 annualized dividend and a yield of 6.90%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RCS. Comerica Bank grew its stake in PIMCO Strategic Income Fund by 959.0% during the 1st quarter. Comerica Bank now owns 5,295 shares of the investment management company's stock worth $33,000 after buying an additional 4,795 shares during the last quarter. Ieq Capital LLC purchased a new position in PIMCO Strategic Income Fund during the 1st quarter worth approximately $63,000. Stifel Financial Corp purchased a new position in PIMCO Strategic Income Fund during the 4th quarter worth approximately $80,000. HighTower Advisors LLC purchased a new position in PIMCO Strategic Income Fund during the 4th quarter worth approximately $82,000. Finally, Barnes Wealth Management Group Inc grew its stake in PIMCO Strategic Income Fund by 61.9% during the 1st quarter. Barnes Wealth Management Group Inc now owns 16,875 shares of the investment management company's stock worth $105,000 after buying an additional 6,450 shares during the last quarter. 13.48% of the stock is owned by institutional investors and hedge funds.

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.