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

PIMCO Income Strategy Fund (NYSE:PFL)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.39 and traded as low as $8.20. PIMCO Income Strategy Fund shares last traded at $8.21, with a volume of 124,452 shares changing hands.

PIMCO Income Strategy Fund Stock Up 0.1%

The business’s 50 day moving average price is $8.46 and its 200-day moving average price is $8.39.

PIMCO Income Strategy Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be paid a dividend of $0.0814 per share. The ex-dividend date is Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 11.9%.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

A number of hedge funds have recently modified their holdings of the stock. Allworth Financial LP acquired a new stake in PIMCO Income Strategy Fund in the 2nd quarter valued at $34,000. National Bank of Canada FI lifted its holdings in shares of PIMCO Income Strategy Fund by 114.6% during the first quarter. National Bank of Canada FI now owns 5,878 shares of the investment management company’s stock valued at $50,000 after acquiring an additional 3,139 shares during the period. CoreCap Advisors LLC boosted its stake in shares of PIMCO Income Strategy Fund by 19.1% in the 3rd quarter. CoreCap Advisors LLC now owns 10,605 shares of the investment management company’s stock valued at $90,000 after purchasing an additional 1,700 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of PIMCO Income Strategy Fund in the 1st quarter worth about $94,000. Finally, Hohimer Wealth Management LLC acquired a new stake in shares of PIMCO Income Strategy Fund during the 3rd quarter worth about $101,000.

PIMCO Income Strategy Fund Company Profile

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.