Centric Wealth Management Makes New Investment in PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Centric Wealth Management bought a new position in shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,512 shares of the investment management company’s stock, valued at approximately $133,000.

A number of other hedge funds have also modified their holdings of the business. Benjamin Edwards Inc. acquired a new position in PIMCO Strategic Income Fund during the third quarter worth about $2,965,000. Bravias Capital Group LLC purchased a new position in PIMCO Strategic Income Fund in the 4th quarter worth approximately $632,000. Straight Path Wealth Management lifted its stake in PIMCO Strategic Income Fund by 7.2% in the 4th quarter. Straight Path Wealth Management now owns 29,759 shares of the investment management company’s stock worth $227,000 after purchasing an additional 2,011 shares in the last quarter. Mutual Advisors LLC boosted its holdings in shares of PIMCO Strategic Income Fund by 93.3% during the 4th quarter. Mutual Advisors LLC now owns 49,157 shares of the investment management company’s stock worth $375,000 after purchasing an additional 23,724 shares during the last quarter. Finally, Balboa Wealth Partners grew its position in shares of PIMCO Strategic Income Fund by 4.6% in the fourth quarter. Balboa Wealth Partners now owns 166,226 shares of the investment management company’s stock valued at $1,267,000 after purchasing an additional 7,330 shares in the last quarter. 13.48% of the stock is currently owned by institutional investors and hedge funds.

PIMCO Strategic Income Fund Stock Up 0.8 %

NYSE:RCS opened at $6.24 on Tuesday. PIMCO Strategic Income Fund, Inc. has a one year low of $5.54 and a one year high of $8.09. The stock has a 50 day moving average price of $6.35 and a 200 day moving average price of $7.09.

PIMCO Strategic Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.48 annualized dividend and a dividend yield of 7.69%.

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.