Silver Oak Securities Incorporated Invests $603,000 in PIMCO Strategic Income Fund, Inc. $RCS

Silver Oak Securities Incorporated bought a new stake in PIMCO Strategic Income Fund, Inc. (NYSE:RCS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 103,142 shares of the investment management company’s stock, valued at approximately $603,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Comerica Bank boosted its position in PIMCO Strategic Income Fund by 959.0% during the 1st quarter. Comerica Bank now owns 5,295 shares of the investment management company’s stock worth $33,000 after purchasing an additional 4,795 shares during the period. StoneX Group Inc. purchased a new position in PIMCO Strategic Income Fund in the second quarter valued at about $72,000. First Trust Advisors LP acquired a new position in shares of PIMCO Strategic Income Fund during the second quarter worth about $85,000. Barnes Wealth Management Group Inc lifted its stake in shares of PIMCO Strategic Income Fund by 23.7% during the second quarter. Barnes Wealth Management Group Inc now owns 20,875 shares of the investment management company’s stock worth $145,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Zacks Investment Management purchased a new stake in shares of PIMCO Strategic Income Fund in the third quarter worth about $152,000. Institutional investors and hedge funds own 13.48% of the company’s stock.

PIMCO Strategic Income Fund Trading Down 0.3%

RCS stock opened at $5.47 on Friday. PIMCO Strategic Income Fund, Inc. has a 1 year low of $5.09 and a 1 year high of $8.00. The stock has a 50-day simple moving average of $5.68 and a 200-day simple moving average of $6.45.

PIMCO Strategic Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th were issued a $0.04 dividend. This represents a c) dividend on an annualized basis and a yield of 8.8%. The ex-dividend date was Thursday, March 12th.

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.