PIMCO Strategic Income Fund (NYSE:RCS) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.36 and traded as low as $5.80. PIMCO Strategic Income Fund shares last traded at $5.8750, with a volume of 286,329 shares changing hands.

PIMCO Strategic Income Fund Price Performance

The business has a 50 day simple moving average of $6.36 and a 200-day simple moving average of $6.93.

PIMCO Strategic Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Tuesday, January 13th will be paid a dividend of $0.04 per share. The ex-dividend date is Tuesday, January 13th. This represents a c) annualized dividend and a dividend yield of 8.2%.

Institutional Investors Weigh In On PIMCO Strategic Income Fund

Several institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its position in PIMCO Strategic Income Fund by 2.8% during the second quarter. Osaic Holdings Inc. now owns 962,911 shares of the investment management company’s stock worth $6,702,000 after purchasing an additional 26,234 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of PIMCO Strategic Income Fund by 2.5% in the third quarter. Benjamin Edwards Inc. now owns 436,098 shares of the investment management company’s stock worth $3,310,000 after acquiring an additional 10,664 shares during the period. UBS Group AG grew its stake in PIMCO Strategic Income Fund by 1.1% during the third quarter. UBS Group AG now owns 391,220 shares of the investment management company’s stock valued at $2,969,000 after acquiring an additional 4,313 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of PIMCO Strategic Income Fund by 7.0% in the second quarter. Envestnet Asset Management Inc. now owns 176,318 shares of the investment management company’s stock worth $1,227,000 after purchasing an additional 11,560 shares during the period. Finally, Silver Oak Securities Incorporated bought a new stake in PIMCO Strategic Income Fund during the fourth quarter valued at $603,000. 13.48% of the stock is owned by hedge funds and other institutional investors.

PIMCO Strategic Income Fund Company Profile

PIMCO Strategic Income Fund (NYSE: RCS) is a closed-end management investment company that seeks to deliver current income and capital appreciation by investing in a diversified portfolio of fixed income instruments. The fund is managed by Pacific Investment Management Company LLC (PIMCO), one of the world’s leading fixed income investment managers, and leverages PIMCO’s global research and risk-management platform to allocate across various credit sectors and interest rate environments.

The fund’s investment strategy is multi-sector and flexible, allowing the portfolio management team to adjust exposures among government securities, corporate bonds, asset-backed and mortgage-backed securities, high-yield debt, and emerging market instruments.