PIMCO Strategic Income Fund, Inc. (NYSE:RCS) Shares Sold by IFP Advisors Inc

IFP Advisors Inc lowered its position in PIMCO Strategic Income Fund, Inc. (NYSE:RCS) by 37.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 320,570 shares of the investment management company’s stock after selling 190,663 shares during the quarter. IFP Advisors Inc’s holdings in PIMCO Strategic Income Fund were worth $2,443,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new position in PIMCO Strategic Income Fund in the third quarter valued at about $108,000. Mutual Advisors LLC raised its position in PIMCO Strategic Income Fund by 93.3% in the fourth quarter. Mutual Advisors LLC now owns 49,157 shares of the investment management company’s stock valued at $375,000 after purchasing an additional 23,724 shares during the period. Baker Avenue Asset Management LP purchased a new position in PIMCO Strategic Income Fund in the third quarter valued at about $681,000. Balboa Wealth Partners raised its position in PIMCO Strategic Income Fund by 248.5% in the third quarter. Balboa Wealth Partners now owns 158,896 shares of the investment management company’s stock valued at $1,222,000 after purchasing an additional 113,307 shares during the period. Finally, Benjamin Edwards Inc. purchased a new position in PIMCO Strategic Income Fund in the third quarter valued at about $2,965,000. 13.48% of the stock is owned by hedge funds and other institutional investors.

PIMCO Strategic Income Fund Price Performance

Shares of NYSE RCS opened at $6.23 on Wednesday. PIMCO Strategic Income Fund, Inc. has a 1 year low of $5.54 and a 1 year high of $8.09. The stock’s 50-day simple moving average is $6.64 and its 200-day simple moving average is $7.20.

PIMCO Strategic Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th will be given a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.70%. The ex-dividend date of this dividend is Thursday, February 13th.

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.