PIMCO Income Strategy Fund (NYSE:PFL) Shares Pass Above 50-Day Moving Average – What’s Next?

PIMCO Income Strategy Fund (NYSE:PFL) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $8.41 and traded as high as $8.43. PIMCO Income Strategy Fund shares last traded at $8.4150, with a volume of 202,178 shares.

PIMCO Income Strategy Fund Price Performance

The stock’s fifty day simple moving average is $8.41 and its 200-day simple moving average is $8.43.

PIMCO Income Strategy Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Tuesday, January 13th will be issued a dividend of $0.0814 per share. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a c) annualized dividend and a yield of 11.6%.

Institutional Trading of PIMCO Income Strategy Fund

Several large investors have recently bought and sold shares of PFL. Highline Wealth Partners LLC increased its position in shares of PIMCO Income Strategy Fund by 1,114.3% in the fourth quarter. Highline Wealth Partners LLC now owns 4,250 shares of the investment management company’s stock valued at $36,000 after buying an additional 3,900 shares in the last quarter. Silver Oak Securities Incorporated acquired a new stake in PIMCO Income Strategy Fund in the 4th quarter valued at about $405,000. Northwestern Mutual Wealth Management Co. increased its holdings in PIMCO Income Strategy Fund by 9.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 16,552 shares of the investment management company’s stock valued at $141,000 after acquiring an additional 1,410 shares in the last quarter. Ameriprise Financial Inc. raised its position in PIMCO Income Strategy Fund by 42.2% during the third quarter. Ameriprise Financial Inc. now owns 334,062 shares of the investment management company’s stock worth $2,808,000 after acquiring an additional 99,096 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in PIMCO Income Strategy Fund by 31.0% during the third quarter. Raymond James Financial Inc. now owns 56,026 shares of the investment management company’s stock worth $477,000 after acquiring an additional 13,271 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.