Raymond James Financial Inc. Purchases Shares of 57,964 PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Raymond James Financial Inc. purchased a new position in shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 57,964 shares of the investment management company's stock, valued at approximately $442,000. Raymond James Financial Inc. owned approximately 0.13% of PIMCO Strategic Income Fund as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. HighTower Advisors LLC acquired a new position in shares of PIMCO Strategic Income Fund during the 4th quarter worth approximately $82,000. Centric Wealth Management bought a new position in shares of PIMCO Strategic Income Fund in the fourth quarter valued at $133,000. 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 valued at $227,000 after buying an additional 2,011 shares in the last quarter. Mutual Advisors LLC increased its holdings in PIMCO Strategic Income Fund by 93.3% during the fourth quarter. Mutual Advisors LLC now owns 49,157 shares of the investment management company's stock worth $375,000 after buying an additional 23,724 shares during the last quarter. Finally, Bravias Capital Group LLC bought a new stake in PIMCO Strategic Income Fund during the fourth quarter worth $632,000. 13.48% of the stock is owned by institutional investors.

PIMCO Strategic Income Fund Stock Performance

Shares of RCS traded up $0.09 during midday trading on Tuesday, reaching $6.31. The stock had a trading volume of 70,099 shares, compared to its average volume of 162,960. The firm has a 50 day simple moving average of $5.93 and a 200-day simple moving average of $6.66. PIMCO Strategic Income Fund, Inc. has a one year low of $5.25 and a one year high of $8.09.

PIMCO Strategic Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be issued a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 7.61%. The ex-dividend date of this dividend is Monday, May 12th.

PIMCO Strategic Income Fund 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.