PIMCO Strategic Income Fund (NYSE:RCS) Shares Cross Above 50-Day Moving Average – Should You Sell?

PIMCO Strategic Income Fund, Inc. (NYSE:RCS)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $5.42 and traded as high as $5.54. PIMCO Strategic Income Fund shares last traded at $5.53, with a volume of 276,214 shares traded.

PIMCO Strategic Income Fund Price Performance

The company has a 50-day moving average price of $5.42 and a two-hundred day moving average price of $5.82.

PIMCO Strategic Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a c) annualized dividend and a yield of 8.7%.

Hedge Funds Weigh In On PIMCO Strategic Income Fund

Institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its holdings in shares of PIMCO Strategic Income Fund by 2.3% during the 2nd quarter. Cetera Investment Advisers now owns 72,983 shares of the investment management company’s stock worth $508,000 after buying an additional 1,674 shares in the last quarter. Equitable Holdings Inc. lifted its position in shares of PIMCO Strategic Income Fund by 10.2% during the 4th quarter. Equitable Holdings Inc. now owns 41,843 shares of the investment management company’s stock valued at $233,000 after acquiring an additional 3,888 shares during the period. UBS Group AG boosted its stake in PIMCO Strategic Income Fund by 1.1% during the third quarter. UBS Group AG now owns 391,220 shares of the investment management company’s stock worth $2,969,000 after acquiring an additional 4,313 shares in the last quarter. Comerica Bank boosted its stake in PIMCO Strategic Income Fund by 959.0% during the first quarter. Comerica Bank now owns 5,295 shares of the investment management company’s stock worth $33,000 after acquiring an additional 4,795 shares in the last quarter. Finally, Susquehanna International Group LLP grew its holdings in PIMCO Strategic Income Fund by 21.0% in the third quarter. Susquehanna International Group LLP now owns 29,893 shares of the investment management company’s stock worth $227,000 after purchasing an additional 5,192 shares during the period. 13.48% of the stock is owned by institutional investors and hedge funds.

PIMCO Strategic Income Fund Company Profile

PIMCO Strategic Income Fund (NYSE: RCS) is a closed-end management investment company that seeks to deliver current income and capital appreciation by investing in a diversified portfolio of fixed income instruments. The fund is managed by Pacific Investment Management Company LLC (PIMCO), one of the world’s leading fixed income investment managers, and leverages PIMCO’s global research and risk-management platform to allocate across various credit sectors and interest rate environments.

The fund’s investment strategy is multi-sector and flexible, allowing the portfolio management team to adjust exposures among government securities, corporate bonds, asset-backed and mortgage-backed securities, high-yield debt, and emerging market instruments.