Citadel Advisors LLC Trims Stock Position in PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Citadel Advisors LLC lessened its stake in PIMCO Strategic Income Fund, Inc. (NYSE:RCS) by 69.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,694 shares of the investment management company’s stock after selling 28,204 shares during the period. Citadel Advisors LLC’s holdings in PIMCO Strategic Income Fund were worth $97,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of RCS. Straight Path Wealth Management lifted its holdings in shares of PIMCO Strategic Income Fund by 7.2% in the 4th quarter. Straight Path Wealth Management now owns 29,759 shares of the investment management company’s stock worth $227,000 after acquiring an additional 2,011 shares during the last quarter. Benjamin Edwards Inc. grew its position in shares of PIMCO Strategic Income Fund by 1.3% in the 4th quarter. Benjamin Edwards Inc. now owns 390,586 shares of the investment management company’s stock worth $2,976,000 after buying an additional 5,053 shares during the period. Owen LaRue LLC grew its position in shares of PIMCO Strategic Income Fund by 3.4% in the 4th quarter. Owen LaRue LLC now owns 202,630 shares of the investment management company’s stock worth $1,544,000 after buying an additional 6,631 shares during the period. Balboa Wealth Partners increased its stake in PIMCO Strategic Income Fund by 4.6% during the 4th quarter. Balboa Wealth Partners now owns 166,226 shares of the investment management company’s stock valued at $1,267,000 after purchasing an additional 7,330 shares in the last quarter. Finally, Stifel Financial Corp bought a new stake in PIMCO Strategic Income Fund during the 4th quarter valued at about $80,000. Hedge funds and other institutional investors own 13.48% of the company’s stock.

PIMCO Strategic Income Fund Trading Up 0.4%

Shares of RCS stock opened at $6.81 on Tuesday. The company has a 50 day moving average price of $5.99 and a 200-day moving average price of $6.48. PIMCO Strategic Income Fund, Inc. has a 52 week low of $5.25 and a 52 week high of $8.09.

PIMCO Strategic Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Thursday, June 12th will be issued a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.05%. The ex-dividend date of this dividend is Thursday, June 12th.

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.