Pimco Income Strategy Fund (NYSE:PFL)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.99 and traded as high as $12.30. Pimco Income Strategy Fund shares last traded at $12.29, with a volume of 136,162 shares traded.

The business’s fifty day simple moving average is $12.02 and its 200 day simple moving average is $11.71.

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a yield of 8.80%. The ex-dividend date of this dividend is Wednesday, February 12th.

Large investors have recently modified their holdings of the business. FNY Investment Advisers LLC boosted its stake in shares of Pimco Income Strategy Fund by 2,063.8% in the 3rd quarter. FNY Investment Advisers LLC now owns 5,258 shares of the investment management company’s stock valued at $60,000 after purchasing an additional 5,015 shares during the last quarter. Synovus Financial Corp bought a new position in shares of Pimco Income Strategy Fund in the 4th quarter valued at about $76,000. Moser Wealth Advisors LLC bought a new position in shares of Pimco Income Strategy Fund in the 4th quarter valued at about $256,000. D.A. Davidson & CO. boosted its stake in shares of Pimco Income Strategy Fund by 72.3% in the 3rd quarter. D.A. Davidson & CO. now owns 23,481 shares of the investment management company’s stock valued at $268,000 after purchasing an additional 9,852 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new position in shares of Pimco Income Strategy Fund in the 3rd quarter valued at about $347,000.

Pimco Income Strategy Fund Company Profile (NYSE:PFL)

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.

Further Reading: What is Cost of Debt?

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