PIMCO Strategic Income Fund (NYSE:RCS) Shares Cross Above Fifty Day Moving Average – Time to Sell?

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $5.49 and traded as high as $5.50. PIMCO Strategic Income Fund shares last traded at $5.4450, with a volume of 103,875 shares.

PIMCO Strategic Income Fund Stock Down 0.3%

The stock’s fifty day moving average is $5.49 and its two-hundred day moving average is $6.11.

PIMCO Strategic Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be issued a $0.04 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Monday, May 11th.

Hedge Funds Weigh In On PIMCO Strategic Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers boosted its holdings in shares of PIMCO Strategic Income Fund by 2.3% in the 2nd quarter. Cetera Investment Advisers now owns 72,983 shares of the investment management company’s stock worth $508,000 after buying an additional 1,674 shares during the last quarter. Equitable Holdings Inc. boosted its holdings in shares of PIMCO Strategic Income Fund by 10.2% in the 4th quarter. Equitable Holdings Inc. now owns 41,843 shares of the investment management company’s stock worth $233,000 after buying an additional 3,888 shares during the last quarter. UBS Group AG boosted its holdings in shares of PIMCO Strategic Income Fund by 1.1% in the 3rd quarter. UBS Group AG now owns 391,220 shares of the investment management company’s stock worth $2,969,000 after buying an additional 4,313 shares during the last quarter. Comerica Bank boosted its holdings in shares of PIMCO Strategic Income Fund by 959.0% in the 1st quarter. Comerica Bank now owns 5,295 shares of the investment management company’s stock worth $33,000 after buying an additional 4,795 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its holdings in shares of PIMCO Strategic Income Fund by 21.0% in the 3rd quarter. Susquehanna International Group LLP now owns 29,893 shares of the investment management company’s stock worth $227,000 after buying an additional 5,192 shares during the last quarter. 13.48% of the stock is owned by hedge funds and other institutional investors.

About PIMCO Strategic Income Fund

PIMCO Strategic Income Fund (NYSE: RCS) is a closed-end management investment company that seeks to deliver current income and capital appreciation by investing in a diversified portfolio of fixed income instruments. The fund is managed by Pacific Investment Management Company LLC (PIMCO), one of the world’s leading fixed income investment managers, and leverages PIMCO’s global research and risk-management platform to allocate across various credit sectors and interest rate environments.

The fund’s investment strategy is multi-sector and flexible, allowing the portfolio management team to adjust exposures among government securities, corporate bonds, asset-backed and mortgage-backed securities, high-yield debt, and emerging market instruments.