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

PIMCO Income Strategy Fund (NYSE:PFL)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.43 and traded as low as $8.26. PIMCO Income Strategy Fund shares last traded at $8.3050, with a volume of 239,967 shares traded.

PIMCO Income Strategy Fund Stock Performance

The business’s 50-day moving average is $8.40 and its 200-day moving average is $8.43.

PIMCO Income Strategy Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.0814 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a c) dividend on an annualized basis and a dividend yield of 11.8%.

Institutional Trading of PIMCO Income Strategy Fund

A number of hedge funds have recently made changes to their positions in PFL. Beacon Pointe Advisors LLC purchased a new stake in shares of PIMCO Income Strategy Fund in the 4th quarter worth approximately $174,000. Guggenheim Capital LLC raised its stake in PIMCO Income Strategy Fund by 23.6% during the fourth quarter. Guggenheim Capital LLC now owns 983,056 shares of the investment management company’s stock valued at $8,287,000 after buying an additional 187,978 shares during the last quarter. Cetera Investment Advisers boosted its holdings in PIMCO Income Strategy Fund by 2.7% in the fourth quarter. Cetera Investment Advisers now owns 173,467 shares of the investment management company’s stock worth $1,462,000 after acquiring an additional 4,504 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in PIMCO Income Strategy Fund by 21.4% in the fourth quarter. Osaic Holdings Inc. now owns 232,807 shares of the investment management company’s stock worth $1,963,000 after acquiring an additional 41,091 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. grew its stake in shares of PIMCO Income Strategy Fund by 47.2% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 20,472 shares of the investment management company’s stock worth $173,000 after acquiring an additional 6,560 shares during the last quarter.

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.