PIMCO Income Strategy Fund (NYSE:PFL) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

PIMCO Income Strategy Fund (NYSE:PFL) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.48 and traded as low as $8.48. PIMCO Income Strategy Fund shares last traded at $8.50, with a volume of 144,558 shares changing hands.

PIMCO Income Strategy Fund Stock Performance

The business’s 50-day simple moving average is $8.48 and its two-hundred day simple moving average is $8.48.

PIMCO Income Strategy Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be paid a $0.0814 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 11.46%. The ex-dividend date of this dividend is Thursday, March 13th.

Institutional Trading of PIMCO Income Strategy Fund

Large investors have recently added to or reduced their stakes in the stock. Anfield Capital Management LLC acquired a new position in shares of PIMCO Income Strategy Fund during the fourth quarter worth about $56,000. Ameriflex Group Inc. purchased a new stake in shares of PIMCO Income Strategy Fund during the 4th quarter valued at about $76,000. Miller Financial Services LLC acquired a new position in PIMCO Income Strategy Fund during the 4th quarter worth approximately $93,000. Virtu Financial LLC purchased a new position in PIMCO Income Strategy Fund in the 3rd quarter worth approximately $108,000. Finally, Geneos Wealth Management Inc. grew its position in PIMCO Income Strategy Fund by 11.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 13,793 shares of the investment management company’s stock valued at $116,000 after acquiring an additional 1,437 shares in 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.