PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.11 and traded as high as $6.83. PIMCO Strategic Income Fund shares last traded at $6.76, with a volume of 81,502 shares traded.
PIMCO Strategic Income Fund Stock Up 0.4%
The company has a 50-day simple moving average of $6.18 and a 200 day simple moving average of $6.43.
PIMCO Strategic Income Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Thursday, June 12th will be given a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 7.05%. The ex-dividend date is Thursday, June 12th.
Hedge Funds Weigh In On PIMCO Strategic Income Fund
Institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank increased its stake in PIMCO Strategic Income Fund by 959.0% during the first quarter. Comerica Bank now owns 5,295 shares of the investment management company's stock valued at $33,000 after acquiring an additional 4,795 shares during the period. Ieq Capital LLC bought a new stake in shares of PIMCO Strategic Income Fund during the first quarter valued at approximately $63,000. Stifel Financial Corp bought a new stake in shares of PIMCO Strategic Income Fund during the fourth quarter valued at approximately $80,000. HighTower Advisors LLC bought a new stake in PIMCO Strategic Income Fund in the 4th quarter valued at $82,000. Finally, Barnes Wealth Management Group Inc increased its holdings in PIMCO Strategic Income Fund by 61.9% in 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 buying an additional 6,450 shares during the period. Institutional investors own 13.48% of the company's stock.
About PIMCO Strategic Income Fund
(
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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.
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