PIMCO Strategic Income Fund, Inc. (NYSE:RCS) Shares Sold by Milestone Asset Management LLC

Milestone Asset Management LLC trimmed its holdings in shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS) by 48.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 133,859 shares of the investment management company’s stock after selling 126,539 shares during the period. Milestone Asset Management LLC’s holdings in PIMCO Strategic Income Fund were worth $1,020,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in RCS. Cetera Investment Advisers raised its stake in shares of PIMCO Strategic Income Fund by 35.4% during the 2nd quarter. Cetera Investment Advisers now owns 194,417 shares of the investment management company’s stock worth $1,207,000 after buying an additional 50,837 shares during the period. Baker Avenue Asset Management LP acquired a new position in PIMCO Strategic Income Fund in the 3rd quarter valued at $681,000. Balboa Wealth Partners raised its stake in 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. FSA Wealth Management LLC acquired a new position in PIMCO Strategic Income Fund in the 3rd quarter valued at $108,000. Finally, Benjamin Edwards Inc. acquired a new position in PIMCO Strategic Income Fund in the 3rd quarter valued at $2,965,000. 13.48% of the stock is owned by institutional investors and hedge funds.

PIMCO Strategic Income Fund Stock Performance

Shares of NYSE:RCS opened at $6.38 on Thursday. The business has a fifty day moving average of $7.16 and a two-hundred day moving average of $7.22. PIMCO Strategic Income Fund, Inc. has a 52-week low of $5.54 and a 52-week high of $8.09.

PIMCO Strategic Income Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 13th will be issued a $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 7.53%. The ex-dividend date of this dividend is Monday, January 13th.

PIMCO Strategic Income Fund 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.