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

Shares of PIMCO Income Strategy Fund (NYSE:PFL) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.45 and traded as low as $8.37. PIMCO Income Strategy Fund shares last traded at $8.3950, with a volume of 156,463 shares traded.

PIMCO Income Strategy Fund Stock Down 0.2%

The business has a 50 day moving average price of $8.42 and a two-hundred day moving average price of $8.45.

PIMCO Income Strategy Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 12th will be paid a $0.0814 dividend. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date is Thursday, February 12th.

Institutional Trading of PIMCO Income Strategy Fund

A number of large investors have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC raised its position in PIMCO Income Strategy Fund by 23.6% in the fourth quarter. Guggenheim Capital LLC now owns 983,056 shares of the investment management company’s stock worth $8,287,000 after acquiring an additional 187,978 shares during the period. LPL Financial LLC increased its stake in shares of PIMCO Income Strategy Fund by 18.2% during the 4th quarter. LPL Financial LLC now owns 497,728 shares of the investment management company’s stock worth $4,196,000 after purchasing an additional 76,686 shares during the last quarter. Centaurus Financial Inc. raised its holdings in shares of PIMCO Income Strategy Fund by 5.5% in the 2nd quarter. Centaurus Financial Inc. now owns 357,970 shares of the investment management company’s stock worth $2,985,000 after purchasing an additional 18,759 shares during the period. Ameriprise Financial Inc. lifted its stake in PIMCO Income Strategy Fund by 42.2% in the third quarter. Ameriprise Financial Inc. now owns 334,062 shares of the investment management company’s stock valued at $2,808,000 after purchasing an additional 99,096 shares during the last quarter. Finally, GraniteShares Advisors LLC bought a new position in PIMCO Income Strategy Fund during the fourth quarter valued at $2,739,000.

About PIMCO Income Strategy Fund

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.