Commonwealth Equity Services LLC Has $2.62 Million Holdings in PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Commonwealth Equity Services LLC lifted its stake in shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS) by 1.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 430,885 shares of the investment management company’s stock after purchasing an additional 5,048 shares during the period. Commonwealth Equity Services LLC owned approximately 0.95% of PIMCO Strategic Income Fund worth $2,624,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Principal Securities Inc. bought a new position in PIMCO Strategic Income Fund in the 4th quarter valued at $28,000. Keystone Financial Group acquired a new stake in shares of PIMCO Strategic Income Fund during the 4th quarter worth approximately $62,000. Straight Path Wealth Management bought a new stake in shares of PIMCO Strategic Income Fund during the fourth quarter worth approximately $124,000. Raymond James Financial Services Advisors Inc. boosted its stake in PIMCO Strategic Income Fund by 12.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 44,462 shares of the investment management company’s stock valued at $270,000 after acquiring an additional 4,920 shares during the last quarter. Finally, Milestone Asset Management LLC acquired a new stake in PIMCO Strategic Income Fund during the 1st quarter worth $528,000. 13.48% of the stock is owned by institutional investors.

PIMCO Strategic Income Fund Stock Performance

Shares of RCS stock traded up $0.02 during trading hours on Friday, reaching $6.29. The company had a trading volume of 50,317 shares, compared to its average volume of 122,826. PIMCO Strategic Income Fund, Inc. has a 1-year low of $4.51 and a 1-year high of $6.31. The company has a 50 day moving average of $6.04 and a 200 day moving average of $6.04.

PIMCO Strategic Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Thursday, July 11th will be issued a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a yield of 9.73%. The ex-dividend date is Thursday, July 11th.

PIMCO Strategic Income Fund Company Profile

PIMCO Strategic Global Government Fund, Inc 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 primarily invests in government securities, including bonds issued or guaranteed by the United States or foreign governments, by their agencies, authorities or instrumentalities, or by supranational entities.