PIMCO Income Strategy Fund (NYSE:PFL) Share Price Crosses Below Two Hundred Day Moving Average of $8.38

PIMCO Income Strategy Fund (NYSE:PFL)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.38 and traded as low as $8.12. PIMCO Income Strategy Fund shares last traded at $8.16, with a volume of 635,812 shares traded.

PIMCO Income Strategy Fund Trading Up 0.1 %

The business has a 50-day simple moving average of $8.29 and a 200-day simple moving average of $8.38.

PIMCO Income Strategy Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, June 13th will be given a dividend of $0.0814 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.98 dividend on an annualized basis and a yield of 11.97%.

Institutional Investors Weigh In On PIMCO Income Strategy Fund

A number of large investors have recently added to or reduced their stakes in PFL. Shaker Financial Services LLC grew its stake in shares of PIMCO Income Strategy Fund by 53.0% in the fourth quarter. Shaker Financial Services LLC now owns 250,269 shares of the investment management company’s stock worth $2,133,000 after acquiring an additional 86,666 shares during the last quarter. Andina Capital Management LLC acquired a new stake in PIMCO Income Strategy Fund in the 4th quarter worth $253,000. Atria Wealth Solutions Inc. raised its position in shares of PIMCO Income Strategy Fund by 20.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 173,340 shares of the investment management company’s stock valued at $1,463,000 after buying an additional 29,860 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of PIMCO Income Strategy Fund in the fourth quarter valued at about $178,000. Finally, PFG Investments LLC acquired a new stake in PIMCO Income Strategy Fund during the first quarter worth about $175,000.

PIMCO Income Strategy Fund Company Profile

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.