PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $6.78 and traded as high as $7.07. PIMCO Strategic Income Fund shares last traded at $7.04, with a volume of 45,217 shares traded.
PIMCO Strategic Income Fund Stock Down 0.6%
The firm's 50 day moving average is $6.81 and its two-hundred day moving average is $6.38.
PIMCO Strategic Income Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, August 1st. Stockholders 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 dividend yield of 6.81%.
Institutional Trading of PIMCO Strategic Income Fund
Several institutional investors have recently added to or reduced their stakes in RCS. Comerica Bank boosted its stake in PIMCO Strategic Income Fund by 959.0% in the 1st quarter. Comerica Bank now owns 5,295 shares of the investment management company's stock valued at $33,000 after purchasing an additional 4,795 shares during the period. Ieq Capital LLC bought a new stake in shares of PIMCO Strategic Income Fund during the 1st quarter valued at $63,000. Stifel Financial Corp bought a new stake in shares of PIMCO Strategic Income Fund during the 4th quarter valued at $80,000. HighTower Advisors LLC bought a new stake in shares of PIMCO Strategic Income Fund during the 4th quarter valued at $82,000. Finally, Barnes Wealth Management Group Inc lifted its position in shares of 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 valued at $105,000 after acquiring an additional 6,450 shares during the period. 13.48% of the stock is currently owned by institutional investors.
About PIMCO Strategic Income Fund
(
Get Free Report)
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.
Featured Articles
Before you consider PIMCO Strategic Income Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PIMCO Strategic Income Fund wasn't on the list.
While PIMCO Strategic Income Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
