Modern Wealth Management LLC Makes New Investment in PIMCO Strategic Income Fund, Inc. $RCS

Modern Wealth Management LLC acquired a new position in shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 30,565 shares of the investment management company’s stock, valued at approximately $191,000. Modern Wealth Management LLC owned about 0.07% of PIMCO Strategic Income Fund as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of RCS. Vanguard Capital Wealth Advisors purchased a new stake in PIMCO Strategic Income Fund during the 4th quarter worth approximately $190,000. Milestone Asset Management LLC grew its position in shares of PIMCO Strategic Income Fund by 23.7% in the 1st quarter. Milestone Asset Management LLC now owns 165,583 shares of the investment management company’s stock worth $1,035,000 after acquiring an additional 31,724 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of PIMCO Strategic Income Fund by 15.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 141,651 shares of the investment management company’s stock worth $885,000 after acquiring an additional 18,687 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of PIMCO Strategic Income Fund by 142.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,979,232 shares of the investment management company’s stock worth $12,370,000 after acquiring an additional 1,162,247 shares in the last quarter. Finally, Mutual Advisors LLC grew its position in shares of PIMCO Strategic Income Fund by 32.8% in the 1st quarter. Mutual Advisors LLC now owns 65,258 shares of the investment management company’s stock worth $408,000 after acquiring an additional 16,101 shares in the last quarter. 13.48% of the stock is currently owned by hedge funds and other institutional investors.

PIMCO Strategic Income Fund Trading Up 0.9%

Shares of RCS opened at $7.46 on Wednesday. The stock has a 50 day moving average of $7.15 and a 200-day moving average of $6.58. 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 Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be given a $0.04 dividend. The ex-dividend date is Friday, September 12th. This represents a c) annualized dividend and a dividend yield of 6.4%.

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.