Shares of 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.
PIMCO Strategic Income Fund Stock Up 0.7%
The business has a fifty day simple moving average of $6.15 and a 200-day simple moving average of $6.45.
PIMCO Strategic Income Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Thursday, June 12th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.48 annualized dividend and a dividend yield of 7.06%.
Institutional Investors Weigh In On PIMCO Strategic Income Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bravias Capital Group LLC bought a new stake in shares of PIMCO Strategic Income Fund in the 4th quarter worth approximately $632,000. Raymond James Financial Inc. bought a new stake in PIMCO Strategic Income Fund in the fourth quarter worth $442,000. Straight Path Wealth Management grew its stake in shares of PIMCO Strategic Income Fund by 7.2% in the fourth quarter. Straight Path Wealth Management now owns 29,759 shares of the investment management company's stock worth $227,000 after acquiring an additional 2,011 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of PIMCO Strategic Income Fund during the fourth quarter valued at $82,000. Finally, Balboa Wealth Partners raised its position in shares of PIMCO Strategic Income Fund by 4.6% in the 4th 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 during the last quarter. Hedge funds and other institutional investors own 13.48% of the company's stock.
PIMCO Strategic Income Fund Company Profile
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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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