PIMCO Strategic Income Fund (NYSE:RCS) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

PIMCO Strategic Income Fund, Inc. (NYSE:RCS)’s share price crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $5.13 and traded as low as $5.01. PIMCO Strategic Income Fund shares last traded at $5.05, with a volume of 104,736 shares.

PIMCO Strategic Income Fund Stock Up 0.2%

The company’s 50 day moving average price is $5.13 and its two-hundred day moving average price is $5.29.

PIMCO Strategic Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Tuesday, October 13th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $0.48 annualized dividend and a yield of 9.5%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC purchased a new position in shares of PIMCO Strategic Income Fund in the second quarter worth about $41,000. Readystate Asset Management LP purchased a new stake in PIMCO Strategic Income Fund in the second quarter valued at approximately $185,000. Ameritas Advisory Services LLC boosted its position in PIMCO Strategic Income Fund by 81.2% in the second quarter. Ameritas Advisory Services LLC now owns 45,127 shares of the investment management company’s stock valued at $246,000 after buying an additional 20,218 shares during the last quarter. Continuum Advisory LLC acquired a new position in PIMCO Strategic Income Fund in the 2nd quarter worth approximately $43,000. Finally, Susquehanna International Group LLP acquired a new position in PIMCO Strategic Income Fund in the 2nd quarter worth approximately $107,000. 13.48% of the stock is owned by institutional investors.

PIMCO Strategic Income Fund Company Profile

PIMCO Strategic Income Fund (NYSE: RCS) is a closed-end fund managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing primarily in a diversified portfolio of fixed-income securities.

The fund may invest across global bond markets, including government and sovereign debt, corporate bonds, mortgage- and asset-backed securities, emerging-market debt, and other income-producing instruments.