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

PIMCO Income Strategy Fund (NYSE:PFL) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.48 and traded as low as $8.48. PIMCO Income Strategy Fund shares last traded at $8.50, with a volume of 144,558 shares.

PIMCO Income Strategy Fund Price Performance

The company has a 50-day moving average price of $8.48 and a 200-day moving average price of $8.48.

PIMCO Income Strategy Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.0814 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.98 annualized dividend and a dividend yield of 11.46%.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

Institutional investors have recently modified their holdings of the company. Anfield Capital Management LLC purchased a new stake in PIMCO Income Strategy Fund in the 4th quarter worth approximately $56,000. Ameriflex Group Inc. acquired a new stake in shares of PIMCO Income Strategy Fund during the fourth quarter worth $76,000. Miller Financial Services LLC purchased a new stake in shares of PIMCO Income Strategy Fund in the fourth quarter valued at $93,000. Virtu Financial LLC acquired a new position in PIMCO Income Strategy Fund in the third quarter valued at $108,000. Finally, Geneos Wealth Management Inc. lifted its position in PIMCO Income Strategy Fund by 11.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 13,793 shares of the investment management company’s stock worth $116,000 after buying an additional 1,437 shares during the period.

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.