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

PIMCO Strategic Income Fund, Inc. (NYSE:RCS)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $5.55 and traded as high as $5.62. PIMCO Strategic Income Fund shares last traded at $5.54, with a volume of 130,368 shares traded.

PIMCO Strategic Income Fund Price Performance

The company’s 50 day simple moving average is $5.55 and its 200 day simple moving average is $6.25.

PIMCO Strategic Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 1st. Shareholders of record on Monday, April 13th will be paid a $0.04 dividend. The ex-dividend date is Monday, April 13th. This represents a c) annualized dividend and a dividend yield of 8.7%.

Hedge Funds Weigh In On PIMCO Strategic Income Fund

Several institutional investors have recently modified their holdings of the business. Virtu Financial LLC acquired a new position in shares of PIMCO Strategic Income Fund in the fourth quarter worth $121,000. XTX Topco Ltd acquired a new position in shares of PIMCO Strategic Income Fund in the fourth quarter worth $137,000. Equitable Holdings Inc. grew its stake in shares of PIMCO Strategic Income Fund by 10.2% in the fourth quarter. Equitable Holdings Inc. now owns 41,843 shares of the investment management company’s stock worth $233,000 after acquiring an additional 3,888 shares in the last quarter. Mariner LLC grew its stake in shares of PIMCO Strategic Income Fund by 274.0% in the fourth quarter. Mariner LLC now owns 60,284 shares of the investment management company’s stock worth $336,000 after acquiring an additional 44,166 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its stake in shares of PIMCO Strategic Income Fund by 68.4% in the fourth quarter. Kestra Advisory Services LLC now owns 71,847 shares of the investment management company’s stock worth $400,000 after acquiring an additional 29,193 shares in the last quarter. Institutional investors and hedge funds own 13.48% of the company’s stock.

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.