PIMCO Income Strategy Fund (NYSE:PFL) Stock Passes Below 200-Day Moving Average of $8.17

PIMCO Income Strategy Fund (NYSE:PFL) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.17 and traded as low as $8.11. PIMCO Income Strategy Fund shares last traded at $8.17, with a volume of 101,683 shares trading hands.

PIMCO Income Strategy Fund Stock Down 0.2 %

The firm has a fifty day simple moving average of $8.41 and a 200 day simple moving average of $8.17.

PIMCO Income Strategy Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 11th will be issued a $0.0814 dividend. This represents a $0.98 annualized dividend and a yield of 11.99%. The ex-dividend date of this dividend is Wednesday, April 10th.

Institutional Trading of PIMCO Income Strategy Fund

A number of institutional investors have recently modified their holdings of PFL. Raymond James & Associates grew its holdings in shares of PIMCO Income Strategy Fund by 22.3% during the 1st quarter. Raymond James & Associates now owns 19,056 shares of the investment management company’s stock worth $194,000 after purchasing an additional 3,479 shares during the period. NewEdge Advisors LLC grew its holdings in shares of PIMCO Income Strategy Fund by 5.7% during the 1st quarter. NewEdge Advisors LLC now owns 99,700 shares of the investment management company’s stock worth $1,017,000 after purchasing an additional 5,340 shares during the period. Royal Bank of Canada grew its holdings in shares of PIMCO Income Strategy Fund by 45.4% during the 1st quarter. Royal Bank of Canada now owns 225,789 shares of the investment management company’s stock worth $2,303,000 after purchasing an additional 70,531 shares during the period. LPL Financial LLC lifted its position in PIMCO Income Strategy Fund by 14.0% during the 2nd quarter. LPL Financial LLC now owns 53,004 shares of the investment management company’s stock worth $477,000 after acquiring an additional 6,525 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new position in PIMCO Income Strategy Fund during the 2nd quarter worth approximately $207,000.

PIMCO Income Strategy Fund Company Profile

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.