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

Shares of PIMCO Income Strategy Fund (NYSE:PFL) crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $7.67 and traded as low as $6.88. PIMCO Income Strategy Fund shares last traded at $6.95, with a volume of 310,910 shares traded.

PIMCO Income Strategy Fund Price Performance

The business’s 50-day simple moving average is $7.38 and its two-hundred day simple moving average is $7.67.

PIMCO Income Strategy Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Tuesday, October 13th will be issued a $0.0814 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 14.1%. The ex-dividend date is Tuesday, October 13th.

Institutional Trading of PIMCO Income Strategy Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Centaurus Financial Inc. acquired a new position in shares of PIMCO Income Strategy Fund during the 2nd quarter valued at $2,025,000. Sanctuary Advisors LLC acquired a new position in PIMCO Income Strategy Fund during the 2nd quarter worth approximately $342,000. Northwestern Mutual Wealth Management Co. bought a new position in PIMCO Income Strategy Fund in the second quarter worth approximately $141,000. Allworth Financial LP bought a new position in PIMCO Income Strategy Fund in the second quarter worth approximately $32,000. Finally, IMC Chicago LLC bought a new stake in shares of PIMCO Income Strategy Fund during the second quarter valued at approximately $252,000.

About PIMCO Income Strategy Fund

PIMCO Income Strategy Fund (NYSE: PFL) is a closed-end investment company managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing in a diversified portfolio of fixed-income securities and related investments.

PFL may invest across global credit and bond markets, including corporate debt, government and sovereign obligations, mortgage-related securities, asset-backed securities, emerging-market debt and below-investment-grade securities.