PIMCO Income Strategy Fund (NYSE:PFL) Stock Price Passes Above 200 Day Moving Average – What’s Next?

PIMCO Income Strategy Fund (NYSE:PFL) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.46 and traded as high as $8.55. PIMCO Income Strategy Fund shares last traded at $8.54, with a volume of 115,640 shares changing hands.

PIMCO Income Strategy Fund Trading Up 0.2 %

The stock has a 50-day moving average of $8.45 and a 200 day moving average of $8.46.

PIMCO Income Strategy Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be given a dividend of $0.0814 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 11.44%. The ex-dividend date of this dividend is Thursday, February 13th.

Institutional Trading of PIMCO Income Strategy Fund

A number of large investors have recently bought and sold shares of PFL. International Assets Investment Management LLC increased its position in PIMCO Income Strategy Fund by 782.5% in the third quarter. International Assets Investment Management LLC now owns 25,425 shares of the investment management company’s stock worth $218,000 after buying an additional 22,544 shares during the last quarter. Financial Advocates Investment Management purchased a new position in shares of PIMCO Income Strategy Fund in the third quarter valued at $110,000. WealthPlan Investment Management LLC bought a new stake in PIMCO Income Strategy Fund during the third quarter valued at $140,000. Centaurus Financial Inc. boosted its stake in PIMCO Income Strategy Fund by 52.9% during the third quarter. Centaurus Financial Inc. now owns 229,619 shares of the investment management company’s stock valued at $1,968,000 after buying an additional 79,458 shares during the period. Finally, Horizon Kinetics Asset Management LLC boosted its stake in PIMCO Income Strategy Fund by 36.7% during the third quarter. Horizon Kinetics Asset Management LLC now owns 135,486 shares of the investment management company’s stock valued at $1,161,000 after buying an additional 36,395 shares during the period.

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.