Strategic Global Government Fund Inc. Closed-End Fund (NYSE:RCS) Shares Cross Above Fifty Day Moving Average of $9.59

Strategic Global Government Fund Inc. Closed-End Fund (NYSE:RCS)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $9.59 and traded as high as $9.19. Strategic Global Government Fund Inc. Closed-End Fund shares last traded at $9.14, with a volume of 42,392 shares traded.

The company’s 50-day moving average is $9.58 and its 200-day moving average is $9.77.

The company also recently disclosed a — dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a dividend of $0.0612 per share. This represents a yield of 7.9%. The ex-dividend date is Thursday, September 12th.

A number of institutional investors have recently added to or reduced their stakes in RCS. LPL Financial LLC raised its stake in Strategic Global Government Fund Inc. Closed-End Fund by 152.8% in the 2nd quarter. LPL Financial LLC now owns 407,032 shares of the investment management company’s stock valued at $3,952,000 after purchasing an additional 246,024 shares during the last quarter. Natixis acquired a new position in shares of Strategic Global Government Fund Inc. Closed-End Fund during the 2nd quarter valued at about $1,047,000. Morgan Stanley increased its stake in shares of Strategic Global Government Fund Inc. Closed-End Fund by 10.8% during the 2nd quarter. Morgan Stanley now owns 451,141 shares of the investment management company’s stock valued at $4,381,000 after acquiring an additional 44,031 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Strategic Global Government Fund Inc. Closed-End Fund by 5.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 614,488 shares of the investment management company’s stock valued at $5,966,000 after acquiring an additional 30,030 shares during the last quarter. Finally, Advisor Group Inc. increased its stake in shares of Strategic Global Government Fund Inc. Closed-End Fund by 17.6% during the 2nd quarter. Advisor Group Inc. now owns 168,979 shares of the investment management company’s stock valued at $1,640,000 after acquiring an additional 25,231 shares during the last quarter. Hedge funds and other institutional investors own 8.62% of the company’s stock.

Strategic Global Government Fund Inc. Closed-End Fund Company Profile (NYSE:RCS)

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.

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