PIMCO Income Strategy Fund (NYSE:PFL) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of PIMCO Income Strategy Fund (NYSE:PFL) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.33 and traded as low as $8.02. PIMCO Income Strategy Fund shares last traded at $8.0750, with a volume of 174,121 shares changing hands.

PIMCO Income Strategy Fund Stock Performance

The company has a 50-day moving average of $8.15 and a 200-day moving average of $8.33.

PIMCO Income Strategy Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 1st. Shareholders of record on Monday, April 13th will be paid a dividend of $0.0814 per share. The ex-dividend date is Monday, April 13th. This represents a c) annualized dividend and a yield of 12.1%.

Institutional Trading of PIMCO Income Strategy Fund

Institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new stake in PIMCO Income Strategy Fund during the fourth quarter valued at $29,000. Highline Wealth Partners LLC increased its stake in PIMCO Income Strategy Fund by 1,114.3% during the fourth quarter. Highline Wealth Partners LLC now owns 4,250 shares of the investment management company’s stock valued at $36,000 after purchasing an additional 3,900 shares during the last quarter. Sprinkle Financial Consultants LLC bought a new stake in PIMCO Income Strategy Fund during the first quarter valued at $80,000. CoreCap Advisors LLC boosted its stake in PIMCO Income Strategy Fund by 19.1% in the third quarter. CoreCap Advisors LLC now owns 10,605 shares of the investment management company’s stock valued at $90,000 after acquiring an additional 1,700 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of PIMCO Income Strategy Fund during the first quarter valued at approximately $94,000.

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.