PIMCO Income Strategy Fund (NYSE:PFL) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

PIMCO Income Strategy Fund (NYSE:PFL) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.98 and traded as low as $7.79. PIMCO Income Strategy Fund shares last traded at $7.8070, with a volume of 145,134 shares traded.

PIMCO Income Strategy Fund Stock Performance

The company has a 50-day simple moving average of $7.74 and a 200-day simple moving average of $7.97.

PIMCO Income Strategy Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be issued a $0.0814 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PFL. International Assets Investment Management LLC purchased a new position in PIMCO Income Strategy Fund during the 4th quarter valued at about $29,000. Allworth Financial LP acquired a new position in shares of PIMCO Income Strategy Fund during the second quarter worth $32,000. Sprinkle Financial Consultants LLC purchased a new stake in PIMCO Income Strategy Fund in the first quarter valued at about $80,000. Jane Street Group LLC purchased a new position in shares of PIMCO Income Strategy Fund in the 1st quarter valued at approximately $94,000. Finally, CoreCap Advisors LLC raised its holdings in shares of PIMCO Income Strategy Fund by 47.9% in the second quarter. CoreCap Advisors LLC now owns 12,345 shares of the investment management company’s stock worth $97,000 after buying an additional 4,000 shares during the last quarter.

PIMCO Income Strategy Fund Company Profile

PIMCO Income Strategy Fund (NYSE: PFL) is a closed-end management investment company that seeks to deliver a high level of current income, with a secondary objective of capital appreciation. The fund employs a flexible, multi-sector approach to building a diversified portfolio of global fixed-income securities and may use leverage to enhance income potential. Managed by Pacific Investment Management Company LLC (PIMCO), the fund leverages the firm’s extensive credit research and risk management capabilities.

The fund’s investment strategy spans corporate debt, asset-backed and mortgage-backed securities, government and agency obligations, and emerging markets debt.