Raymond James Financial Services Advisors Inc. Raises Stock Holdings in PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Raymond James Financial Services Advisors Inc. boosted its holdings in PIMCO Strategic Income Fund, Inc. (NYSE:RCS) by 12.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,462 shares of the investment management company’s stock after buying an additional 4,920 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in PIMCO Strategic Income Fund were worth $270,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Bison Wealth LLC raised its position in PIMCO Strategic Income Fund by 14.5% in the 3rd quarter. Bison Wealth LLC now owns 42,315 shares of the investment management company’s stock worth $225,000 after buying an additional 5,366 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of PIMCO Strategic Income Fund by 2.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 103,249 shares of the investment management company’s stock valued at $548,000 after purchasing an additional 2,010 shares during the last quarter. Kestra Advisory Services LLC increased its position in shares of PIMCO Strategic Income Fund by 51.0% during the 3rd quarter. Kestra Advisory Services LLC now owns 315,261 shares of the investment management company’s stock valued at $1,674,000 after purchasing an additional 106,524 shares during the last quarter. IFP Advisors Inc purchased a new stake in shares of PIMCO Strategic Income Fund during the 4th quarter valued at about $2,583,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of PIMCO Strategic Income Fund by 4.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 507,748 shares of the investment management company’s stock valued at $2,696,000 after purchasing an additional 20,195 shares during the last quarter. Hedge funds and other institutional investors own 13.48% of the company’s stock.

PIMCO Strategic Income Fund Stock Up 1.1 %

NYSE RCS opened at $5.67 on Tuesday. PIMCO Strategic Income Fund, Inc. has a 52 week low of $4.51 and a 52 week high of $6.31. The company has a 50-day moving average price of $6.06 and a 200-day moving average price of $5.79.

PIMCO Strategic Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Thursday, April 11th will be given a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a dividend yield of 10.79%. The ex-dividend date is Wednesday, April 10th.

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.