PIMCO Income Strategy Fund (NYSE:PFL) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

PIMCO Income Strategy Fund (NYSE:PFL) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.89 and traded as low as $7.54. PIMCO Income Strategy Fund shares last traded at $7.58, with a volume of 256,340 shares trading hands.

PIMCO Income Strategy Fund Stock Performance

The company has a fifty day simple moving average of $7.73 and a two-hundred day simple moving average of $7.89.

PIMCO Income Strategy Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be issued a dividend of $0.0814 per share. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date is Friday, September 11th.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

Several institutional investors and hedge funds have recently modified their holdings of PFL. Independent Financial Group LLC acquired a new stake in PIMCO Income Strategy Fund during the 1st quarter worth approximately $4,192,000. Centaurus Financial Inc. acquired a new position in shares of PIMCO Income Strategy Fund in the second quarter valued at approximately $2,025,000. Hohimer Wealth Management LLC increased its position in shares of PIMCO Income Strategy Fund by 2,058.7% during the fourth quarter. Hohimer Wealth Management LLC now owns 256,970 shares of the investment management company’s stock worth $2,166,000 after acquiring an additional 245,066 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of PIMCO Income Strategy Fund during the second quarter worth $1,611,000. Finally, Guggenheim Capital LLC raised its holdings in shares of PIMCO Income Strategy Fund by 23.6% during the fourth quarter. Guggenheim Capital LLC now owns 983,056 shares of the investment management company’s stock worth $8,287,000 after acquiring an additional 187,978 shares during the period.

PIMCO Income Strategy Fund Company Profile

PIMCO Income Strategy Fund (NYSE: PFL) is a closed-end management investment company that seeks to deliver a high level of current income, with a secondary objective of capital appreciation. The fund employs a flexible, multi-sector approach to building a diversified portfolio of global fixed-income securities and may use leverage to enhance income potential. Managed by Pacific Investment Management Company LLC (PIMCO), the fund leverages the firm’s extensive credit research and risk management capabilities.

The fund’s investment strategy spans corporate debt, asset-backed and mortgage-backed securities, government and agency obligations, and emerging markets debt.