PIMCO Income Strategy Fund (NYSE:PFL) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

PIMCO Income Strategy Fund (NYSE:PFL)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.44 and traded as low as $8.37. PIMCO Income Strategy Fund shares last traded at $8.38, with a volume of 155,291 shares traded.

PIMCO Income Strategy Fund Stock Down 0.5%

The stock’s fifty day moving average price is $8.41 and its 200 day moving average price is $8.44.

PIMCO Income Strategy Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Tuesday, January 13th will be given a dividend of $0.0814 per share. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a c) dividend on an annualized basis and a dividend yield of 11.7%.

Institutional Trading of PIMCO Income Strategy Fund

A number of large investors have recently modified their holdings of the company. Allworth Financial LP bought a new position in PIMCO Income Strategy Fund in the second quarter worth approximately $34,000. Highline Wealth Partners LLC grew its position in shares of PIMCO Income Strategy Fund by 1,114.3% during the 4th quarter. Highline Wealth Partners LLC now owns 4,250 shares of the investment management company’s stock worth $36,000 after buying an additional 3,900 shares in the last quarter. CoreCap Advisors LLC increased its stake in shares of PIMCO Income Strategy Fund by 19.1% during the third quarter. CoreCap Advisors LLC now owns 10,605 shares of the investment management company’s stock valued at $90,000 after buying an additional 1,700 shares during the period. Jane Street Group LLC purchased a new position in shares of PIMCO Income Strategy Fund during the first quarter valued at $94,000. Finally, Hohimer Wealth Management LLC bought a new stake in shares of PIMCO Income Strategy Fund in the third quarter valued at about $101,000.

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.