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

Shares of PIMCO Income Strategy Fund (NYSE:PFL) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.47 and traded as low as $7.77. PIMCO Income Strategy Fund shares last traded at $7.82, with a volume of 267,439 shares.

PIMCO Income Strategy Fund Stock Performance

The business has a 50 day moving average of $8.44 and a two-hundred day moving average of $8.46.

PIMCO Income Strategy Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Friday, April 11th will be paid a dividend of $0.0814 per share. The ex-dividend date is Friday, April 11th. This represents a $0.98 dividend on an annualized basis and a yield of 12.48%.

Institutional Investors Weigh In On PIMCO Income Strategy Fund

A number of institutional investors and hedge funds have recently bought and sold shares of PFL. Anfield Capital Management LLC purchased a new stake in shares of PIMCO Income Strategy Fund during the fourth quarter valued at approximately $56,000. Ameriflex Group Inc. purchased a new stake in PIMCO Income Strategy Fund during the fourth quarter worth about $76,000. Miller Financial Services LLC bought a new stake in PIMCO Income Strategy Fund in the fourth quarter worth about $93,000. Virtu Financial LLC purchased a new position in PIMCO Income Strategy Fund in the third quarter valued at about $108,000. Finally, Geneos Wealth Management Inc. boosted its stake in PIMCO Income Strategy Fund by 11.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 13,793 shares of the investment management company’s stock valued at $116,000 after acquiring an additional 1,437 shares during the last quarter.

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.