PIMCO Income Strategy Fund (NYSE:PFL) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Shares of PIMCO Income Strategy Fund (NYSE:PFL) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.48 and traded as low as $8.48. PIMCO Income Strategy Fund shares last traded at $8.50, with a volume of 144,558 shares.

PIMCO Income Strategy Fund Trading Up 0.2 %

The firm has a fifty day simple moving average of $8.48 and a 200-day simple moving average of $8.48.

PIMCO Income Strategy Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.0814 per share. This represents a $0.98 annualized dividend and a dividend yield of 11.50%. The ex-dividend date is Thursday, March 13th.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

Several hedge funds have recently made changes to their positions in the company. Centaurus Financial Inc. grew its holdings in shares of PIMCO Income Strategy Fund by 35.1% during the fourth quarter. Centaurus Financial Inc. now owns 310,230 shares of the investment management company’s stock worth $2,600,000 after purchasing an additional 80,611 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in shares of PIMCO Income Strategy Fund during the fourth quarter worth about $76,000. Bank of America Corp DE boosted its stake in shares of PIMCO Income Strategy Fund by 6.3% during the fourth quarter. Bank of America Corp DE now owns 185,751 shares of the investment management company’s stock worth $1,557,000 after buying an additional 11,077 shares during the period. Two Sigma Securities LLC acquired a new stake in shares of PIMCO Income Strategy Fund during the fourth quarter worth about $129,000. Finally, Stifel Financial Corp boosted its stake in shares of PIMCO Income Strategy Fund by 3.6% during the fourth quarter. Stifel Financial Corp now owns 249,509 shares of the investment management company’s stock worth $2,091,000 after buying an additional 8,649 shares during the period.

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.