PIMCO Income Strategy Fund (NYSE:PFL) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

PIMCO Income Strategy Fund (NYSE:PFL) shares 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 changing hands.

PIMCO Income Strategy Fund Stock Performance

The firm has a 50 day simple moving average of $8.47 and a two-hundred day simple moving average of $8.38.

PIMCO Income Strategy Fund Dividend Announcement

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

Institutional Trading of PIMCO Income Strategy Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC lifted its position in PIMCO Income Strategy Fund by 1.3% in the second quarter. Commonwealth Equity Services LLC now owns 124,640 shares of the investment management company’s stock worth $1,016,000 after purchasing an additional 1,616 shares during the period. One Capital Management LLC bought a new position in PIMCO Income Strategy Fund during the second quarter valued at about $990,000. Truist Financial Corp boosted its stake in PIMCO Income Strategy Fund by 6.9% during the second quarter. Truist Financial Corp now owns 133,700 shares of the investment management company’s stock valued at $1,090,000 after buying an additional 8,648 shares in the last quarter. Cetera Investment Advisers grew its holdings in PIMCO Income Strategy Fund by 3.1% during the second quarter. Cetera Investment Advisers now owns 185,296 shares of the investment management company’s stock worth $1,510,000 after acquiring an additional 5,625 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in PIMCO Income Strategy Fund in the second quarter worth about $272,000.

About PIMCO Income Strategy Fund

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.