PIMCO Strategic Income Fund (NYSE:RCS) Shares Pass Below Fifty Day Moving Average – Time to Sell?

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $6.20 and traded as low as $5.84. PIMCO Strategic Income Fund shares last traded at $5.90, with a volume of 135,278 shares traded.

PIMCO Strategic Income Fund Price Performance

The stock’s 50 day moving average is $6.20 and its two-hundred day moving average is $6.85.

PIMCO Strategic Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 12th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) annualized dividend and a yield of 8.1%.

Institutional Investors Weigh In On PIMCO Strategic Income Fund

Hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers boosted its position in PIMCO Strategic Income Fund by 2.3% during the 2nd quarter. Cetera Investment Advisers now owns 72,983 shares of the investment management company’s stock worth $508,000 after acquiring an additional 1,674 shares during the last quarter. Straight Path Wealth Management increased its holdings in shares of PIMCO Strategic Income Fund by 6.8% in the second quarter. Straight Path Wealth Management now owns 31,400 shares of the investment management company’s stock valued at $219,000 after purchasing an additional 2,000 shares during the last quarter. Barnes Wealth Management Group Inc raised its holdings in PIMCO Strategic Income Fund by 23.7% in the 2nd quarter. Barnes Wealth Management Group Inc now owns 20,875 shares of the investment management company’s stock valued at $145,000 after acquiring an additional 4,000 shares during the period. UBS Group AG increased its stake in shares of PIMCO Strategic Income Fund by 1.1% during the third quarter. UBS Group AG now owns 391,220 shares of the investment management company’s stock worth $2,969,000 after purchasing an additional 4,313 shares during the period. Finally, Comerica Bank lifted its holdings in shares of PIMCO Strategic Income Fund by 959.0% during the first quarter. Comerica Bank now owns 5,295 shares of the investment management company’s stock worth $33,000 after buying an additional 4,795 shares in the last quarter. 13.48% of the stock is currently owned by institutional investors and hedge funds.

PIMCO Strategic Income Fund Company Profile

PIMCO Strategic Income Fund (NYSE: RCS) is a closed-end management investment company that seeks to deliver current income and capital appreciation by investing in a diversified portfolio of fixed income instruments. The fund is managed by Pacific Investment Management Company LLC (PIMCO), one of the world’s leading fixed income investment managers, and leverages PIMCO’s global research and risk-management platform to allocate across various credit sectors and interest rate environments.

The fund’s investment strategy is multi-sector and flexible, allowing the portfolio management team to adjust exposures among government securities, corporate bonds, asset-backed and mortgage-backed securities, high-yield debt, and emerging market instruments.