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

PIMCO Income Strategy Fund (NYSE:PFL)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.38 and traded as low as $7.60. PIMCO Income Strategy Fund shares last traded at $7.6950, with a volume of 253,539 shares traded.

PIMCO Income Strategy Fund Stock Down 0.3%

The stock has a 50-day simple moving average of $8.27 and a 200 day simple moving average of $8.38.

PIMCO Income Strategy Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Thursday, March 12th will be given a dividend of $0.0814 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date of this dividend is Thursday, March 12th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Beacon Pointe Advisors LLC purchased a new position in PIMCO Income Strategy Fund during the fourth quarter worth about $174,000. Guggenheim Capital LLC raised its stake in shares of PIMCO Income Strategy Fund by 23.6% in the 4th quarter. Guggenheim Capital LLC now owns 983,056 shares of the investment management company’s stock valued at $8,287,000 after acquiring an additional 187,978 shares during the period. Cetera Investment Advisers raised its stake in shares of PIMCO Income Strategy Fund by 2.7% in the 4th quarter. Cetera Investment Advisers now owns 173,467 shares of the investment management company’s stock valued at $1,462,000 after acquiring an additional 4,504 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of PIMCO Income Strategy Fund by 21.4% in the 4th 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 during the last quarter. Finally, Fortitude Advisory Group L.L.C. lifted its holdings in shares of PIMCO Income Strategy Fund by 47.2% in the 4th 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.