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

Shares of PIMCO Income Strategy Fund (NYSE:PFL) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.44 and traded as low as $8.38. PIMCO Income Strategy Fund shares last traded at $8.41, with a volume of 134,063 shares.

PIMCO Income Strategy Fund Price Performance

The firm has a 50-day moving average of $8.41 and a 200 day moving average of $8.44.

PIMCO Income Strategy Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 12th will be issued a dividend of $0.0814 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend is Thursday, February 12th.

Institutional Investors Weigh In On PIMCO Income Strategy Fund

Several institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new position in PIMCO Income Strategy Fund in the 4th quarter valued at about $29,000. Allworth Financial LP acquired a new stake in shares of PIMCO Income Strategy Fund in the 2nd quarter worth approximately $34,000. Highline Wealth Partners LLC boosted its holdings in shares of PIMCO Income Strategy Fund by 1,114.3% in the fourth quarter. Highline Wealth Partners LLC now owns 4,250 shares of the investment management company’s stock valued at $36,000 after acquiring an additional 3,900 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in shares of PIMCO Income Strategy Fund by 19.1% in the third quarter. CoreCap Advisors LLC now owns 10,605 shares of the investment management company’s stock valued at $90,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of PIMCO Income Strategy Fund during the first quarter valued at approximately $94,000.

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.