PIMCO Strategic Income Fund, Inc. (NYSE:RCS) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its position in shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS) by 2.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 121,806 shares of the investment management company’s stock after selling 2,731 shares during the period. Janney Montgomery Scott LLC’s holdings in PIMCO Strategic Income Fund were worth $937,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of RCS. Cambridge Investment Research Advisors Inc. grew its holdings in shares of PIMCO Strategic Income Fund by 6.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 865,572 shares of the investment management company’s stock worth $5,375,000 after purchasing an additional 49,004 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in PIMCO Strategic Income Fund by 38.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 380,285 shares of the investment management company’s stock worth $2,362,000 after buying an additional 104,932 shares during the period. Milestone Asset Management LLC lifted its stake in PIMCO Strategic Income Fund by 170.8% in the second quarter. Milestone Asset Management LLC now owns 234,836 shares of the investment management company’s stock valued at $1,458,000 after buying an additional 148,122 shares during the last quarter. Cetera Investment Advisers lifted its stake in PIMCO Strategic Income Fund by 35.4% in the second quarter. Cetera Investment Advisers now owns 194,417 shares of the investment management company’s stock valued at $1,207,000 after buying an additional 50,837 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its holdings in shares of PIMCO Strategic Income Fund by 17.1% in the second quarter. Atomi Financial Group Inc. now owns 99,011 shares of the investment management company’s stock valued at $615,000 after acquiring an additional 14,475 shares during the period. Institutional investors and hedge funds own 13.48% of the company’s stock.

PIMCO Strategic Income Fund Stock Performance

Shares of RCS stock opened at $7.71 on Friday. The stock’s 50-day moving average price is $7.63 and its 200 day moving average price is $6.82. PIMCO Strategic Income Fund, Inc. has a 52-week low of $5.42 and a 52-week high of $8.07.

PIMCO Strategic Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be given a $0.051 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.61 dividend on an annualized basis and a yield of 7.94%.

PIMCO Strategic Income Fund Company Profile

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.