PIMCO Income Strategy Fund (NYSE:PFL) Shares Cross Below 200-Day Moving Average – Here’s What Happened

PIMCO Income Strategy Fund (NYSE:PFL) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.42 and traded as low as $8.38. PIMCO Income Strategy Fund shares last traded at $8.4050, with a volume of 207,622 shares trading hands.

PIMCO Income Strategy Fund Stock Performance

The company has a 50 day simple moving average of $8.42 and a 200-day simple moving average of $8.42.

PIMCO Income Strategy Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 11th will be given a $0.0814 dividend. The ex-dividend date is Thursday, December 11th. This represents a c) dividend on an annualized basis and a yield of 11.6%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Allworth Financial LP purchased a new stake in shares of PIMCO Income Strategy Fund in the 2nd quarter valued at $34,000. CoreCap Advisors LLC boosted its position in PIMCO Income Strategy Fund by 19.1% during the third quarter. CoreCap Advisors LLC now owns 10,605 shares of the investment management company’s stock valued at $90,000 after buying an additional 1,700 shares during the period. Jane Street Group LLC bought a new position in shares of PIMCO Income Strategy Fund during the first quarter valued at about $94,000. Hohimer Wealth Management LLC bought a new position in shares of PIMCO Income Strategy Fund during the third quarter valued at about $101,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of PIMCO Income Strategy Fund by 18.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 11,912 shares of the investment management company’s stock worth $102,000 after buying an additional 1,863 shares during the period.

About PIMCO Income Strategy Fund

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.