PIMCO Strategic Income Fund (NYSE:RCS) Shares Pass Above 50-Day Moving Average – What’s Next?

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $7.41 and traded as high as $7.63. PIMCO Strategic Income Fund shares last traded at $7.57, with a volume of 109,283 shares.

PIMCO Strategic Income Fund Price Performance

The company has a 50-day moving average price of $7.44 and a 200-day moving average price of $6.65.

PIMCO Strategic Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 11th will be given a dividend of $0.051 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.61 annualized dividend and a yield of 7.98%.

Institutional Investors Weigh In On PIMCO Strategic Income Fund

Large investors have recently modified their holdings of the stock. Milestone Asset Management LLC lifted its holdings in shares of PIMCO Strategic Income Fund by 170.8% in the 2nd quarter. Milestone Asset Management LLC now owns 234,836 shares of the investment management company’s stock worth $1,458,000 after purchasing an additional 148,122 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of PIMCO Strategic Income Fund by 38.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 380,285 shares of the investment management company’s stock worth $2,362,000 after acquiring an additional 104,932 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of PIMCO Strategic Income Fund by 35.4% in the 2nd quarter. Cetera Investment Advisers now owns 194,417 shares of the investment management company’s stock worth $1,207,000 after acquiring an additional 50,837 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in PIMCO Strategic Income Fund by 6.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 865,572 shares of the investment management company’s stock valued at $5,375,000 after buying an additional 49,004 shares during the period. Finally, Atomi Financial Group Inc. raised its position in PIMCO Strategic Income Fund by 135.8% during the first quarter. Atomi Financial Group Inc. now owns 84,536 shares of the investment management company’s stock valued at $515,000 after buying an additional 48,682 shares during the period. Institutional investors and hedge funds own 13.48% of the company’s stock.

About PIMCO Strategic Income Fund

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.