PIMCO Income Strategy Fund (NYSE:PFL) Stock Price Passes Below 200 Day Moving Average – Here’s Why

PIMCO Income Strategy Fund (NYSE:PFL) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.08 and traded as low as $7.80. PIMCO Income Strategy Fund shares last traded at $7.83, with a volume of 213,917 shares traded.

PIMCO Income Strategy Fund Price Performance

The stock’s 50 day moving average price is $7.78 and its 200 day moving average price is $8.08.

PIMCO Income Strategy Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Monday, July 13th will be issued a $0.0814 dividend. The ex-dividend date is Monday, July 13th. This represents a c) annualized dividend and a yield of 12.5%.

Institutional Trading of PIMCO Income Strategy Fund

A number of large investors have recently bought and sold shares of the business. Cetera Investment Advisers lifted its stake in shares of PIMCO Income Strategy Fund by 23.7% in the 1st quarter. Cetera Investment Advisers now owns 214,507 shares of the investment management company’s stock valued at $1,716,000 after purchasing an additional 41,040 shares during the period. Kestra Advisory Services LLC boosted its position in shares of PIMCO Income Strategy Fund by 9.0% during the 1st quarter. Kestra Advisory Services LLC now owns 53,754 shares of the investment management company’s stock valued at $430,000 after purchasing an additional 4,456 shares in the last quarter. D.A. Davidson & CO. grew its stake in PIMCO Income Strategy Fund by 49.0% during the first quarter. D.A. Davidson & CO. now owns 35,757 shares of the investment management company’s stock worth $286,000 after purchasing an additional 11,758 shares during the period. Independent Financial Group LLC acquired a new stake in PIMCO Income Strategy Fund during the first quarter worth approximately $4,192,000. Finally, Sprinkle Financial Consultants LLC bought a new stake in PIMCO Income Strategy Fund in the first quarter worth approximately $80,000.

About PIMCO Income Strategy Fund

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.