PIMCO Income Strategy Fund (NYSE:PFL) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

PIMCO Income Strategy Fund (NYSE:PFL) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.39 and traded as high as $8.47. PIMCO Income Strategy Fund shares last traded at $8.4550, with a volume of 123,137 shares changing hands.

PIMCO Income Strategy Fund Price Performance

The firm has a 50 day moving average price of $8.48 and a 200 day moving average price of $8.39.

PIMCO Income Strategy Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a dividend of $0.0814 per share. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend is Friday, November 14th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Allworth Financial LP bought a new position in shares of PIMCO Income Strategy Fund during the 2nd quarter valued at approximately $34,000. National Bank of Canada FI raised its holdings in PIMCO Income Strategy Fund by 114.6% during the 1st quarter. National Bank of Canada FI now owns 5,878 shares of the investment management company’s stock valued at $50,000 after buying an additional 3,139 shares during the period. CoreCap Advisors LLC lifted its position in 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 worth $90,000 after buying an additional 1,700 shares during the last quarter. Jane Street Group LLC purchased a new position in PIMCO Income Strategy Fund during the first quarter worth $94,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in PIMCO Income Strategy Fund by 18.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 11,912 shares of the investment management company’s stock valued at $102,000 after acquiring an additional 1,863 shares during the last quarter.

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.