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

PIMCO Income Strategy Fund (NYSE:PFL)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.86 and traded as low as $7.47. PIMCO Income Strategy Fund shares last traded at $7.4950, with a volume of 211,938 shares traded.

PIMCO Income Strategy Fund Stock Performance

The business has a 50-day moving average price of $7.70 and a 200 day moving average price of $7.85.

PIMCO Income Strategy Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be paid a $0.0814 dividend. This represents a c) dividend on an annualized basis and a yield of 13.3%. The ex-dividend date is Friday, September 11th.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new position in shares of PIMCO Income Strategy Fund in the fourth quarter worth about $29,000. Allworth Financial LP purchased a new stake in shares of PIMCO Income Strategy Fund during the 2nd quarter valued at approximately $32,000. Integrated Wealth Concepts LLC purchased a new stake in shares of PIMCO Income Strategy Fund during the 2nd quarter valued at approximately $75,000. Sprinkle Financial Consultants LLC bought a new position in PIMCO Income Strategy Fund in the 1st quarter worth approximately $80,000. Finally, Jane Street Group LLC bought a new position in PIMCO Income Strategy Fund in the 1st quarter worth approximately $94,000.

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.