PIMCO Income Strategy Fund (NYSE:PFL) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

PIMCO Income Strategy Fund (NYSE:PFL) shares 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 $8.38. PIMCO Income Strategy Fund shares last traded at $8.4010, with a volume of 300,724 shares changing hands.

PIMCO Income Strategy Fund Price Performance

The business has a fifty day moving average price of $8.49 and a 200 day moving average price of $8.38.

PIMCO Income Strategy Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 3rd. Stockholders of record on Tuesday, October 14th were issued a $0.0814 dividend. The ex-dividend date was Tuesday, October 14th. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Allworth Financial LP purchased a new position in shares of PIMCO Income Strategy Fund in the 2nd quarter valued at about $34,000. National Bank of Canada FI grew its stake in PIMCO Income Strategy Fund by 114.6% during the 1st quarter. National Bank of Canada FI now owns 5,878 shares of the investment management company’s stock worth $50,000 after buying an additional 3,139 shares during the last quarter. CoreCap Advisors LLC grew its stake in PIMCO Income Strategy Fund by 19.1% during the 3rd quarter. CoreCap Advisors LLC now owns 10,605 shares of the investment management company’s stock worth $90,000 after buying an additional 1,700 shares during the last quarter. Jane Street Group LLC purchased a new position in PIMCO Income Strategy Fund during the 1st quarter worth approximately $94,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in PIMCO Income Strategy Fund by 18.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 11,912 shares of the investment management company’s stock worth $102,000 after buying an additional 1,863 shares during the last quarter.

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.