PIMCO Income Strategy Fund (NYSE:PFL) Stock Price Passes Below 200 Day Moving Average – Here’s Why

PIMCO Income Strategy Fund (NYSE:PFL) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.08 and traded as low as $7.80. PIMCO Income Strategy Fund shares last traded at $7.83, with a volume of 213,917 shares changing hands.

PIMCO Income Strategy Fund Trading Down 0.5%

The company has a fifty day moving average of $7.78 and a two-hundred day moving average of $8.08.

PIMCO Income Strategy Fund Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Independent Financial Group LLC bought a new position in PIMCO Income Strategy Fund in the 1st quarter valued at approximately $4,192,000. GraniteShares Advisors LLC acquired a new position in PIMCO Income Strategy Fund in the 4th quarter valued at approximately $2,739,000. Hohimer Wealth Management LLC raised its stake in shares of PIMCO Income Strategy Fund by 2,058.7% during the fourth quarter. Hohimer Wealth Management LLC now owns 256,970 shares of the investment management company’s stock valued at $2,166,000 after acquiring an additional 245,066 shares during the last quarter. Guggenheim Capital LLC raised its stake in shares of PIMCO Income Strategy Fund by 23.6% during the fourth quarter. Guggenheim Capital LLC now owns 983,056 shares of the investment management company’s stock valued at $8,287,000 after acquiring an additional 187,978 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. acquired a new position in shares of PIMCO Income Strategy Fund during the third quarter worth $1,005,000.

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.