PIMCO Income Strategy Fund (NYSE:PFL) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of PIMCO Income Strategy Fund (NYSE:PFL) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.42 and traded as low as $8.34. PIMCO Income Strategy Fund shares last traded at $8.36, with a volume of 199,351 shares trading hands.

PIMCO Income Strategy Fund Trading Up 0.2%

The business has a 50-day moving average price of $8.40 and a two-hundred day moving average price of $8.42.

PIMCO Income Strategy Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 11th will be issued a $0.0814 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date of this dividend is Thursday, December 11th.

Institutional Trading of PIMCO Income Strategy Fund

Several hedge funds have recently added to or reduced their stakes in the business. Pinnacle Financial Partners Inc bought a new position in PIMCO Income Strategy Fund during the 3rd quarter valued at $1,005,000. Ameriprise Financial Inc. raised its stake in shares of PIMCO Income Strategy Fund by 42.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 334,062 shares of the investment management company’s stock worth $2,808,000 after buying an additional 99,096 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in shares of PIMCO Income Strategy Fund by 10.6% in the second quarter. Guggenheim Capital LLC now owns 866,680 shares of the investment management company’s stock valued at $7,228,000 after buying an additional 83,095 shares during the period. Cypress Capital Group bought a new position in PIMCO Income Strategy Fund during the second quarter valued at about $485,000. Finally, Cetera Investment Advisers boosted its stake in PIMCO Income Strategy Fund by 44.8% during the second quarter. Cetera Investment Advisers now owns 144,500 shares of the investment management company’s stock valued at $1,205,000 after buying an additional 44,717 shares in the last quarter.

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.