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

PIMCO Income Strategy Fund (NYSE:PFL)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.45 and traded as low as $8.43. PIMCO Income Strategy Fund shares last traded at $8.4750, with a volume of 247,905 shares changing hands.

PIMCO Income Strategy Fund Price Performance

The firm has a fifty day moving average of $8.43 and a 200 day moving average of $8.45.

PIMCO Income Strategy Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 12th will be paid a dividend of $0.0814 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date is Thursday, February 12th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PFL. GraniteShares Advisors LLC bought a new stake in PIMCO Income Strategy Fund in the 4th quarter valued at $2,739,000. Pinnacle Financial Partners Inc bought a new position in PIMCO Income Strategy Fund in the 3rd quarter valued at $1,005,000. Ameriprise Financial Inc. increased its position in shares of PIMCO Income Strategy Fund by 42.2% during the third quarter. Ameriprise Financial Inc. now owns 334,062 shares of the investment management company’s stock worth $2,808,000 after acquiring an additional 99,096 shares during the period. Guggenheim Capital LLC grew its position in shares of PIMCO Income Strategy Fund by 10.6% during the 2nd quarter. Guggenheim Capital LLC now owns 866,680 shares of the investment management company’s stock worth $7,228,000 after buying an additional 83,095 shares in the last quarter. Finally, Cypress Capital Group purchased a new position in PIMCO Income Strategy Fund during the second quarter valued at approximately $485,000.

PIMCO Income Strategy Fund Company Profile

PIMCO Income Strategy Fund (NYSE: PFL) is a closed-end management investment company that seeks to deliver a high level of current income, with a secondary objective of capital appreciation. The fund employs a flexible, multi-sector approach to building a diversified portfolio of global fixed-income securities and may use leverage to enhance income potential. Managed by Pacific Investment Management Company LLC (PIMCO), the fund leverages the firm’s extensive credit research and risk management capabilities.

The fund’s investment strategy spans corporate debt, asset-backed and mortgage-backed securities, government and agency obligations, and emerging markets debt.