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

Shares of PIMCO Income Strategy Fund (NYSE:PFL) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.38 and traded as low as $8.11. PIMCO Income Strategy Fund shares last traded at $8.16, with a volume of 159,785 shares traded.

PIMCO Income Strategy Fund Trading Up 0.1 %

The company’s fifty day moving average is $8.29 and its 200 day moving average is $8.38.

PIMCO Income Strategy Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, July 1st. Stockholders of record on Thursday, June 13th were paid a dividend of $0.0814 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 11.97%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Consolidated Portfolio Review Corp raised its holdings in shares of PIMCO Income Strategy Fund by 15.7% in the 4th quarter. Consolidated Portfolio Review Corp now owns 20,335 shares of the investment management company’s stock valued at $172,000 after purchasing an additional 2,758 shares during the period. Geneos Wealth Management Inc. increased its position in PIMCO Income Strategy Fund by 731.7% during the first quarter. Geneos Wealth Management Inc. now owns 4,641 shares of the investment management company’s stock worth $39,000 after buying an additional 4,083 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in PIMCO Income Strategy Fund by 9.4% in the first quarter. Janney Montgomery Scott LLC now owns 48,154 shares of the investment management company’s stock valued at $408,000 after buying an additional 4,150 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of PIMCO Income Strategy Fund in the fourth quarter valued at approximately $113,000. Finally, Synovus Financial Corp boosted its stake in shares of PIMCO Income Strategy Fund by 34.9% during the 3rd quarter. Synovus Financial Corp now owns 52,599 shares of the investment management company’s stock worth $403,000 after acquiring an additional 13,600 shares during the period.

About PIMCO Income Strategy Fund

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.