PIMCO Strategic Income Fund (NYSE:RCS) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $7.38 and traded as low as $7.11. PIMCO Strategic Income Fund shares last traded at $7.23, with a volume of 129,023 shares trading hands.

PIMCO Strategic Income Fund Trading Up 1.0%

The stock’s fifty day moving average is $7.38 and its two-hundred day moving average is $6.84.

PIMCO Strategic Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Tuesday, October 14th will be issued a dividend of $0.04 per share. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Tuesday, October 14th.

Institutional Investors Weigh In On PIMCO Strategic Income Fund

A number of large investors have recently added to or reduced their stakes in the company. Modern Wealth Management LLC bought a new position in PIMCO Strategic Income Fund during the 1st quarter valued at $191,000. Osaic Holdings Inc. boosted its stake in PIMCO Strategic Income Fund by 2.8% during the 2nd quarter. Osaic Holdings Inc. now owns 962,911 shares of the investment management company’s stock valued at $6,702,000 after acquiring an additional 26,234 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in PIMCO Strategic Income Fund by 5.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 425,434 shares of the investment management company’s stock valued at $2,961,000 after acquiring an additional 20,093 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of PIMCO Strategic Income Fund by 15.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 141,651 shares of the investment management company’s stock worth $885,000 after buying an additional 18,687 shares during the last quarter. Finally, Mutual Advisors LLC lifted its position in shares of PIMCO Strategic Income Fund by 32.8% in the 1st quarter. Mutual Advisors LLC now owns 65,258 shares of the investment management company’s stock worth $408,000 after buying an additional 16,101 shares during the last quarter. 13.48% of the stock is owned by institutional investors and hedge funds.

About PIMCO Strategic Income Fund

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.