PIMCO Income Strategy Fund (NYSE:PFL) Stock Price Passes Below 200 Day Moving Average – What’s Next?

PIMCO Income Strategy Fund (NYSE:PFL) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.38 and traded as low as $8.29. PIMCO Income Strategy Fund shares last traded at $8.33, with a volume of 127,511 shares traded.

PIMCO Income Strategy Fund Stock Up 0.4 %

The firm’s 50 day moving average price is $8.47 and its two-hundred day moving average price is $8.38.

PIMCO Income Strategy Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.0814 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.98 annualized dividend and a yield of 11.73%.

Institutional Trading of PIMCO Income Strategy Fund

A number of hedge funds have recently made changes to their positions in PFL. Virtu Financial LLC bought a new position in PIMCO Income Strategy Fund during the 3rd quarter valued at $108,000. Financial Advocates Investment Management bought a new position in PIMCO Income Strategy Fund during the third quarter worth $110,000. WealthPlan Investment Management LLC acquired a new position in PIMCO Income Strategy Fund in the third quarter worth $140,000. D.A. Davidson & CO. lifted its position in shares of PIMCO Income Strategy Fund by 9.8% in the 3rd quarter. D.A. Davidson & CO. now owns 24,637 shares of the investment management company’s stock worth $211,000 after buying an additional 2,200 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of PIMCO Income Strategy Fund by 782.5% during the 3rd quarter. International Assets Investment Management LLC now owns 25,425 shares of the investment management company’s stock valued at $218,000 after buying an additional 22,544 shares during the last quarter.

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.