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

PIMCO Income Strategy Fund (NYSE:PFL)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $7.81 and traded as high as $7.88. PIMCO Income Strategy Fund shares last traded at $7.87, with a volume of 233,930 shares traded.

PIMCO Income Strategy Fund Stock Up 1.0%

The firm’s fifty day moving average price is $7.81 and its 200-day moving average price is $8.11.

PIMCO Income Strategy Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th will be given a $0.0814 dividend. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date is Thursday, June 11th.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Independent Financial Group LLC acquired a new position in shares of PIMCO Income Strategy Fund during the 1st quarter valued at $4,192,000. GraniteShares Advisors LLC acquired a new stake in shares of PIMCO Income Strategy Fund in the fourth quarter valued at $2,739,000. Hohimer Wealth Management LLC boosted its stake in PIMCO Income Strategy Fund by 2,058.7% during the fourth quarter. Hohimer Wealth Management LLC now owns 256,970 shares of the investment management company’s stock valued at $2,166,000 after buying an additional 245,066 shares in the last quarter. Guggenheim Capital LLC boosted its stake in PIMCO Income Strategy Fund by 23.6% during the fourth quarter. Guggenheim Capital LLC now owns 983,056 shares of the investment management company’s stock valued at $8,287,000 after buying an additional 187,978 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. acquired a new position in PIMCO Income Strategy Fund during the third quarter worth about $1,005,000.

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.