PIMCO Income Strategy Fund (NYSE:PFL) Stock Price Crosses Below 200 Day Moving Average of $8.17

PIMCO Income Strategy Fund (NYSE:PFL)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.17 and traded as low as $8.11. PIMCO Income Strategy Fund shares last traded at $8.17, with a volume of 101,683 shares trading hands.

PIMCO Income Strategy Fund Stock Performance

The stock has a 50 day simple moving average of $8.42 and a 200-day simple moving average of $8.17.

PIMCO Income Strategy Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, April 11th will be issued a $0.0814 dividend. The ex-dividend date is Wednesday, April 10th. This represents a $0.98 dividend on an annualized basis and a yield of 11.96%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PFL. JPMorgan Chase & Co. bought a new stake in PIMCO Income Strategy Fund in the 1st quarter worth approximately $48,000. Nomura Holdings Inc. bought a new stake in PIMCO Income Strategy Fund in the 2nd quarter worth approximately $90,000. PNC Financial Services Group Inc. increased its stake in PIMCO Income Strategy Fund by 498.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,006 shares of the investment management company’s stock worth $97,000 after acquiring an additional 10,000 shares during the last quarter. Jane Street Group LLC bought a new stake in PIMCO Income Strategy Fund in the 3rd quarter worth approximately $105,000. Finally, Portside Wealth Group LLC bought a new stake in PIMCO Income Strategy Fund in the 2nd quarter worth approximately $120,000.

About PIMCO Income Strategy Fund

PIMCO Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets across the globe. The fund invests in a diversified portfolio of floating rate debt instruments with an average duration of around three years.