PIMCO Income Strategy Fund (NYSE:PFL) Stock Price Passes Above 200-Day Moving Average of $8.32

PIMCO Income Strategy Fund (NYSE:PFL)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.32 and traded as high as $8.34. PIMCO Income Strategy Fund shares last traded at $8.28, with a volume of 75,803 shares changing hands.

PIMCO Income Strategy Fund Stock Up 1.1 %

The company’s fifty day moving average price is $8.20 and its 200 day moving average price is $8.31.

PIMCO Income Strategy Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 12th will be issued a dividend of $0.0814 per share. The ex-dividend date is Monday, August 12th. This represents a $0.98 dividend on an annualized basis and a yield of 11.67%.

Institutional Trading of PIMCO Income Strategy Fund

A number of large investors have recently added to or reduced their stakes in PFL. One Capital Management LLC bought a new stake in shares of PIMCO Income Strategy Fund in the second quarter valued at $990,000. Shaker Financial Services LLC raised its stake in PIMCO Income Strategy Fund by 53.0% in the 4th quarter. Shaker Financial Services LLC now owns 250,269 shares of the investment management company’s stock valued at $2,133,000 after acquiring an additional 86,666 shares during the period. Andina Capital Management LLC purchased a new stake in PIMCO Income Strategy Fund during the fourth quarter valued at about $253,000. Atria Wealth Solutions Inc. boosted its position in PIMCO Income Strategy Fund by 20.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 173,340 shares of the investment management company’s stock worth $1,463,000 after purchasing an additional 29,860 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of PIMCO Income Strategy Fund in the fourth quarter worth about $178,000.

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.