PIMCO Income Strategy Fund (NYSE:PFL) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

PIMCO Income Strategy Fund (NYSE:PFL) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.38 and traded as low as $7.60. PIMCO Income Strategy Fund shares last traded at $7.6950, with a volume of 253,539 shares trading hands.

PIMCO Income Strategy Fund Stock Down 0.3%

The company has a fifty day moving average of $8.27 and a 200-day moving average of $8.38.

PIMCO Income Strategy Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be given a $0.0814 dividend. This represents a c) annualized dividend and a yield of 12.7%. The ex-dividend date of this dividend is Thursday, March 12th.

Institutional Trading of PIMCO Income Strategy Fund

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in shares of PIMCO Income Strategy Fund by 9.6% in the first quarter. Royal Bank of Canada now owns 167,070 shares of the investment management company’s stock valued at $1,437,000 after purchasing an additional 14,645 shares during the period. Jane Street Group LLC acquired a new stake in PIMCO Income Strategy Fund during the 1st quarter worth approximately $94,000. Cetera Investment Advisers lifted its holdings in PIMCO Income Strategy Fund by 44.8% during the 2nd quarter. Cetera Investment Advisers now owns 144,500 shares of the investment management company’s stock worth $1,205,000 after buying an additional 44,717 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in PIMCO Income Strategy Fund by 27.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 15,142 shares of the investment management company’s stock valued at $126,000 after buying an additional 3,230 shares during the period. Finally, Invesco Ltd. boosted its position in PIMCO Income Strategy Fund by 3.3% in the 2nd quarter. Invesco Ltd. now owns 317,312 shares of the investment management company’s stock valued at $2,646,000 after buying an additional 10,168 shares during the period.

About PIMCO Income Strategy Fund

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.