PIMCO Strategic Income Fund (NYSE:RCS) Shares Pass Above 50 Day Moving Average – Should You Sell?

Shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $7.41 and traded as high as $7.63. PIMCO Strategic Income Fund shares last traded at $7.57, with a volume of 109,283 shares changing hands.

PIMCO Strategic Income Fund Stock Up 0.7 %

The business’s 50 day moving average price is $7.44 and its 200-day moving average price is $6.65.

PIMCO Strategic Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 11th will be issued a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a yield of 7.98%. The ex-dividend date of this dividend is Friday, October 11th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Milestone Asset Management LLC raised its holdings in PIMCO Strategic Income Fund by 170.8% during the 2nd quarter. Milestone Asset Management LLC now owns 234,836 shares of the investment management company’s stock worth $1,458,000 after buying an additional 148,122 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of PIMCO Strategic Income Fund by 38.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 380,285 shares of the investment management company’s stock valued at $2,362,000 after buying an additional 104,932 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of PIMCO Strategic Income Fund by 35.4% in the second quarter. Cetera Investment Advisers now owns 194,417 shares of the investment management company’s stock valued at $1,207,000 after buying an additional 50,837 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of PIMCO Strategic Income Fund by 6.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 865,572 shares of the investment management company’s stock valued at $5,375,000 after buying an additional 49,004 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its position in PIMCO Strategic Income Fund by 135.8% during the first quarter. Atomi Financial Group Inc. now owns 84,536 shares of the investment management company’s stock worth $515,000 after purchasing an additional 48,682 shares during the period. 13.48% of the stock is currently owned by institutional investors and hedge funds.

About PIMCO Strategic Income Fund

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.