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

Shares of PIMCO Income Strategy Fund (NYSE:PFL) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.29 and traded as low as $8.03. PIMCO Income Strategy Fund shares last traded at $8.06, with a volume of 266,387 shares.

PIMCO Income Strategy Fund Stock Performance

The firm has a 50 day moving average price of $8.07 and a two-hundred day moving average price of $8.29.

PIMCO Income Strategy Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be paid a dividend of $0.0814 per share. The ex-dividend date is Monday, May 11th. This represents a c) annualized dividend and a dividend yield of 12.1%.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

Hedge funds have recently made changes to their positions in the stock. Guggenheim Capital LLC lifted its holdings in PIMCO Income Strategy Fund by 23.6% during the 4th quarter. Guggenheim Capital LLC now owns 983,056 shares of the investment management company’s stock worth $8,287,000 after purchasing an additional 187,978 shares in the last quarter. Independent Financial Group LLC purchased a new stake in PIMCO Income Strategy Fund during the 1st quarter worth about $4,192,000. LPL Financial LLC lifted its holdings in PIMCO Income Strategy Fund by 18.2% during the 4th quarter. LPL Financial LLC now owns 497,728 shares of the investment management company’s stock worth $4,196,000 after purchasing an additional 76,686 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in PIMCO Income Strategy Fund by 42.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 334,062 shares of the investment management company’s stock worth $2,808,000 after purchasing an additional 99,096 shares in the last quarter. Finally, GraniteShares Advisors LLC purchased a new stake in PIMCO Income Strategy Fund during the 4th quarter worth about $2,739,000.

PIMCO Income Strategy Fund Company Profile

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.