Baker Avenue Asset Management LP Makes New Investment in PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Baker Avenue Asset Management LP purchased a new stake in shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 88,500 shares of the investment management company’s stock, valued at approximately $681,000. Baker Avenue Asset Management LP owned 0.19% of PIMCO Strategic Income Fund as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Milestone Asset Management LLC raised its position in shares of PIMCO Strategic Income Fund by 170.8% during the 2nd quarter. Milestone Asset Management LLC now owns 234,836 shares of the investment management company’s stock worth $1,458,000 after buying an additional 148,122 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in PIMCO Strategic Income Fund by 17.1% during the second quarter. Atomi Financial Group Inc. now owns 99,011 shares of the investment management company’s stock worth $615,000 after purchasing an additional 14,475 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in PIMCO Strategic Income Fund by 6.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 865,572 shares of the investment management company’s stock worth $5,375,000 after purchasing an additional 49,004 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in PIMCO Strategic Income Fund in the second quarter worth approximately $189,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of PIMCO Strategic Income Fund by 38.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 380,285 shares of the investment management company’s stock valued at $2,362,000 after purchasing an additional 104,932 shares during the period. 13.48% of the stock is currently owned by institutional investors.

PIMCO Strategic Income Fund Trading Up 0.9 %

Shares of RCS stock opened at $7.88 on Tuesday. The business’s fifty day moving average is $7.57 and its 200-day moving average is $6.77. PIMCO Strategic Income Fund, Inc. has a 1 year low of $5.15 and a 1 year high of $8.07.

PIMCO Strategic Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be issued a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 7.77%. The ex-dividend date is Tuesday, November 12th.

PIMCO Strategic Income Fund 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.