Commonwealth Equity Services LLC Has $2.67 Million Holdings in PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Commonwealth Equity Services LLC cut its stake in shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS) by 0.4% in the second quarter, Holdings Channel reports. The firm owned 429,145 shares of the investment management company’s stock after selling 1,740 shares during the quarter. Commonwealth Equity Services LLC’s holdings in PIMCO Strategic Income Fund were worth $2,665,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in RCS. Principal Securities Inc. acquired a new position in PIMCO Strategic Income Fund in the fourth quarter valued at about $28,000. Janney Montgomery Scott LLC grew its stake in PIMCO Strategic Income Fund by 21.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 125,259 shares of the investment management company’s stock valued at $762,000 after acquiring an additional 22,010 shares during the period. Keystone Financial Group acquired a new position in PIMCO Strategic Income Fund in the fourth quarter valued at about $62,000. Cambridge Investment Research Advisors Inc. grew its stake in PIMCO Strategic Income Fund by 8.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 552,274 shares of the investment management company’s stock valued at $3,358,000 after acquiring an additional 44,526 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its stake in PIMCO Strategic Income Fund by 75.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 275,353 shares of the investment management company’s stock valued at $1,677,000 after acquiring an additional 118,596 shares during the period. 13.48% of the stock is owned by institutional investors and hedge funds.

PIMCO Strategic Income Fund Price Performance

NYSE:RCS opened at $7.46 on Thursday. PIMCO Strategic Income Fund, Inc. has a 1 year low of $4.51 and a 1 year high of $7.47. The stock has a 50-day moving average price of $6.71 and a two-hundred day moving average price of $6.26.

PIMCO Strategic Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a $0.051 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.61 dividend on an annualized basis and a yield of 8.20%.

About PIMCO Strategic Income Fund

PIMCO Strategic Global Government Fund, Inc 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 primarily invests in government securities, including bonds issued or guaranteed by the United States or foreign governments, by their agencies, authorities or instrumentalities, or by supranational entities.