IFP Advisors Inc Trims Stake in PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

IFP Advisors Inc cut its holdings in PIMCO Strategic Income Fund, Inc. (NYSE:RCS) by 37.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 320,570 shares of the investment management company’s stock after selling 190,663 shares during the quarter. IFP Advisors Inc owned 0.70% of PIMCO Strategic Income Fund worth $2,443,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Benjamin Edwards Inc. acquired a new stake in shares of PIMCO Strategic Income Fund in the third quarter worth approximately $2,965,000. Balboa Wealth Partners lifted its stake in shares of PIMCO Strategic Income Fund by 248.5% in the 3rd quarter. Balboa Wealth Partners now owns 158,896 shares of the investment management company’s stock valued at $1,222,000 after purchasing an additional 113,307 shares during the last quarter. Baker Avenue Asset Management LP purchased a new stake in shares of PIMCO Strategic Income Fund in the 3rd quarter valued at $681,000. Mutual Advisors LLC raised its holdings in shares of PIMCO Strategic Income Fund by 93.3% in the 4th quarter. Mutual Advisors LLC now owns 49,157 shares of the investment management company’s stock valued at $375,000 after buying an additional 23,724 shares during the period. Finally, FSA Wealth Management LLC purchased a new stake in shares of PIMCO Strategic Income Fund in the 3rd quarter valued at $108,000. 13.48% of the stock is currently owned by hedge funds and other institutional investors.

PIMCO Strategic Income Fund Stock Performance

Shares of NYSE RCS opened at $6.23 on Wednesday. The stock’s 50-day moving average is $6.64 and its two-hundred day moving average is $7.20. PIMCO Strategic Income Fund, Inc. has a 1-year low of $5.54 and a 1-year high of $8.09.

PIMCO Strategic Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, February 13th. This represents a $0.48 annualized dividend and a dividend yield of 7.70%.

PIMCO Strategic Income Fund Company Profile

PIMCO Strategic Global Government Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets across the globe. The fund primarily invests in government securities, including bonds issued or guaranteed by the United States or foreign governments, by their agencies, authorities or instrumentalities, or by supranational entities.