Straight Path Wealth Management Boosts Position in PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Straight Path Wealth Management boosted its position in shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS) by 7.2% during the fourth quarter, Holdings Channel reports. The firm owned 29,759 shares of the investment management company’s stock after buying an additional 2,011 shares during the quarter. Straight Path Wealth Management’s holdings in PIMCO Strategic Income Fund were worth $227,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new stake in shares of PIMCO Strategic Income Fund in the third quarter valued at $108,000. Mutual Advisors LLC lifted its position in shares of 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 acquiring an additional 23,724 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of PIMCO Strategic Income Fund in the fourth quarter valued at $442,000. Bravias Capital Group LLC purchased a new stake in shares of PIMCO Strategic Income Fund in the fourth quarter valued at $632,000. Finally, Baker Avenue Asset Management LP purchased a new stake in shares of PIMCO Strategic Income Fund in the third quarter valued at $681,000. 13.48% of the stock is currently owned by hedge funds and other institutional investors.

PIMCO Strategic Income Fund Stock Performance

Shares of NYSE:RCS opened at $6.31 on Thursday. PIMCO Strategic Income Fund, Inc. has a 52-week low of $5.54 and a 52-week high of $8.09. The stock’s fifty day simple moving average is $6.53 and its 200-day simple moving average is $7.18.

PIMCO Strategic Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.48 annualized dividend and a yield of 7.60%.

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.