PIMCO Income Strategy Fund (NYSE:PFL) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

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 $8.06 and traded as low as $7.78. PIMCO Income Strategy Fund shares last traded at $7.8050, with a volume of 1,860,422 shares trading hands.

PIMCO Income Strategy Fund Trading Down 0.6%

The company’s fifty day moving average price is $7.75 and its two-hundred day moving average price is $8.06.

PIMCO Income Strategy Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Monday, July 13th will be given a dividend of $0.0814 per share. The ex-dividend date of this dividend is Monday, July 13th. This represents a c) annualized dividend and a yield of 12.5%.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

A number of hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new position in shares of PIMCO Income Strategy Fund in the 4th quarter valued at $29,000. Highline Wealth Partners LLC increased its holdings in shares of PIMCO Income Strategy Fund by 1,114.3% during the 4th quarter. Highline Wealth Partners LLC now owns 4,250 shares of the investment management company’s stock worth $36,000 after buying an additional 3,900 shares during the last quarter. Sprinkle Financial Consultants LLC acquired a new stake in shares of PIMCO Income Strategy Fund during the 1st quarter worth $80,000. Jane Street Group LLC purchased a new position in shares of PIMCO Income Strategy Fund in the 1st quarter worth $94,000. Finally, CoreCap Advisors LLC raised its position in shares of PIMCO Income Strategy Fund by 47.9% in the 2nd quarter. CoreCap Advisors LLC now owns 12,345 shares of the investment management company’s stock worth $97,000 after buying an additional 4,000 shares during the period.

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.