PIMCO Income Strategy Fund (NYSE:PFL) Shares Pass Above 200 Day Moving Average – Here’s Why

Shares of PIMCO Income Strategy Fund (NYSE:PFL) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.39 and traded as high as $8.47. PIMCO Income Strategy Fund shares last traded at $8.4550, with a volume of 123,137 shares traded.

PIMCO Income Strategy Fund Price Performance

The company has a fifty day simple moving average of $8.48 and a two-hundred day simple moving average of $8.39.

PIMCO Income Strategy Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a dividend of $0.0814 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 11.6%.

Institutional Investors Weigh In On PIMCO Income Strategy Fund

Several hedge funds have recently modified their holdings of PFL. Stratos Wealth Partners LTD. purchased a new position in PIMCO Income Strategy Fund during the first quarter valued at approximately $189,000. Cetera Investment Advisers boosted its position in PIMCO Income Strategy Fund by 18.1% during the 1st quarter. Cetera Investment Advisers now owns 99,783 shares of the investment management company’s stock valued at $858,000 after acquiring an additional 15,284 shares in the last quarter. LPL Financial LLC increased its holdings in shares of PIMCO Income Strategy Fund by 3.0% in the 1st quarter. LPL Financial LLC now owns 247,403 shares of the investment management company’s stock valued at $2,128,000 after acquiring an additional 7,321 shares during the period. XTX Topco Ltd bought a new position in shares of PIMCO Income Strategy Fund in the 1st quarter worth $119,000. Finally, National Bank of Canada FI raised its position in shares of PIMCO Income Strategy Fund by 114.6% in the 1st quarter. National Bank of Canada FI now owns 5,878 shares of the investment management company’s stock worth $50,000 after acquiring an additional 3,139 shares in the last quarter.

About PIMCO Income Strategy Fund

PIMCO Income Strategy Fund 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 invests in a diversified portfolio of floating rate debt instruments with an average duration of around three years.