PIMCO Income Strategy Fund (NYSE:PFL) Share Price Passes Below 200 Day Moving Average – Should You Sell?

PIMCO Income Strategy Fund (NYSE:PFL)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.03 and traded as low as $7.67. PIMCO Income Strategy Fund shares last traded at $7.7010, with a volume of 154,489 shares trading hands.

PIMCO Income Strategy Fund Trading Down 0.3%

The stock has a fifty day simple moving average of $7.74 and a 200-day simple moving average of $8.02.

PIMCO Income Strategy Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Monday, July 13th will be issued a $0.0814 dividend. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Monday, July 13th.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

Large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new stake in shares of PIMCO Income Strategy Fund in the 4th quarter valued at about $29,000. Highline Wealth Partners LLC increased its stake in 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 purchasing an additional 3,900 shares during the period. Sprinkle Financial Consultants LLC purchased a new stake in PIMCO Income Strategy Fund during the 1st quarter valued at approximately $80,000. Jane Street Group LLC purchased a new stake in shares of PIMCO Income Strategy Fund during the first quarter worth approximately $94,000. Finally, CoreCap Advisors LLC raised its position in PIMCO Income Strategy Fund by 47.9% during the 2nd quarter. CoreCap Advisors LLC now owns 12,345 shares of the investment management company’s stock worth $97,000 after buying an additional 4,000 shares during the last quarter.

About PIMCO Income Strategy Fund

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.