PIMCO Income Strategy Fund (NYSE:PFL) Stock Crosses Below 200 Day Moving Average – Time to Sell?

PIMCO Income Strategy Fund (NYSE:PFL)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.26 and traded as low as $7.66. PIMCO Income Strategy Fund shares last traded at $7.6750, with a volume of 234,461 shares traded.

PIMCO Income Strategy Fund Price Performance

The stock has a fifty day moving average price of $7.97 and a 200 day moving average price of $8.25.

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 given a dividend of $0.0814 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date is Monday, May 11th.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

Institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new position in PIMCO Income Strategy Fund in the 4th quarter worth about $29,000. Highline Wealth Partners LLC increased its stake in PIMCO Income Strategy Fund by 1,114.3% in the 4th quarter. Highline Wealth Partners LLC now owns 4,250 shares of the investment management company’s stock worth $36,000 after acquiring an additional 3,900 shares during the last quarter. Sprinkle Financial Consultants LLC bought a new position in PIMCO Income Strategy Fund in the 1st quarter worth about $80,000. Jane Street Group LLC bought a new position in PIMCO Income Strategy Fund in the 1st quarter worth about $94,000. Finally, Hohimer Wealth Management LLC bought a new position in PIMCO Income Strategy Fund in the 3rd quarter worth about $101,000.

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.