NewEdge Advisors LLC Sells 27,480 Shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

NewEdge Advisors LLC lessened its holdings in shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS) by 19.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,638 shares of the investment management company’s stock after selling 27,480 shares during the period. NewEdge Advisors LLC owned approximately 0.25% of PIMCO Strategic Income Fund worth $874,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of RCS. LPL Financial LLC boosted its holdings in shares of PIMCO Strategic Income Fund by 15.5% in the fourth quarter. LPL Financial LLC now owns 1,239,924 shares of the investment management company’s stock valued at $9,448,000 after buying an additional 166,096 shares during the period. Bravias Capital Group LLC acquired a new position in PIMCO Strategic Income Fund in the 4th quarter worth $632,000. Raymond James Financial Inc. bought a new position in PIMCO Strategic Income Fund during the 4th quarter worth about $442,000. Keystone Financial Group acquired a new stake in shares of PIMCO Strategic Income Fund in the 4th quarter valued at about $407,000. Finally, Mutual Advisors LLC lifted its holdings in shares of PIMCO Strategic Income Fund by 93.3% in the fourth quarter. Mutual Advisors LLC now owns 49,157 shares of the investment management company’s stock valued at $375,000 after purchasing an additional 23,724 shares in the last quarter. 13.48% of the stock is currently owned by institutional investors and hedge funds.

PIMCO Strategic Income Fund Trading Up 3.4 %

NYSE:RCS opened at $5.63 on Friday. The stock has a 50-day simple moving average of $6.02 and a 200 day simple moving average of $6.81. PIMCO Strategic Income Fund, Inc. has a 52-week low of $5.25 and a 52-week high of $8.09.

PIMCO Strategic Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be paid a dividend of $0.04 per share. The ex-dividend date is Friday, April 11th. This represents a $0.48 annualized dividend and a dividend yield of 8.53%.

PIMCO Strategic Income Fund Profile

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.