PIMCO Income Strategy Fund (NYSE:PFL) Stock Passes Below 200-Day Moving Average of $8.17

PIMCO Income Strategy Fund (NYSE:PFL)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.17 and traded as low as $8.11. PIMCO Income Strategy Fund shares last traded at $8.17, with a volume of 101,683 shares changing hands.

PIMCO Income Strategy Fund Stock Performance

The business’s 50-day simple moving average is $8.41 and its 200-day simple moving average is $8.17.

PIMCO Income Strategy Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 11th will be given a dividend of $0.0814 per share. This represents a $0.98 dividend on an annualized basis and a yield of 11.99%. The ex-dividend date of this dividend is Wednesday, April 10th.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

Institutional investors have recently bought and sold shares of the business. D.A. Davidson & CO. increased its holdings in shares of PIMCO Income Strategy Fund by 5.7% during the 3rd quarter. D.A. Davidson & CO. now owns 30,054 shares of the investment management company’s stock valued at $231,000 after purchasing an additional 1,608 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of PIMCO Income Strategy Fund by 2.7% during the 3rd quarter. Royal Bank of Canada now owns 78,825 shares of the investment management company’s stock valued at $605,000 after purchasing an additional 2,035 shares in the last quarter. Consolidated Portfolio Review Corp increased its holdings in shares of PIMCO Income Strategy Fund by 15.7% during the 4th quarter. Consolidated Portfolio Review Corp now owns 20,335 shares of the investment management company’s stock valued at $172,000 after purchasing an additional 2,758 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of PIMCO Income Strategy Fund by 19.6% during the 2nd quarter. Kestra Advisory Services LLC now owns 19,929 shares of the investment management company’s stock valued at $163,000 after purchasing an additional 3,272 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in shares of PIMCO Income Strategy Fund by 22.3% during the 1st quarter. Raymond James & Associates now owns 19,056 shares of the investment management company’s stock valued at $194,000 after purchasing an additional 3,479 shares in the last quarter.

PIMCO Income Strategy Fund Company Profile

PIMCO Income Strategy Fund 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 invests in a diversified portfolio of floating rate debt instruments with an average duration of around three years.