PIMCO Income Strategy Fund (NYSE:PFL) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

PIMCO Income Strategy Fund (NYSE:PFL) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.47 and traded as low as $7.77. PIMCO Income Strategy Fund shares last traded at $7.82, with a volume of 267,439 shares trading hands.

PIMCO Income Strategy Fund Stock Performance

The stock’s 50 day moving average is $8.44 and its 200 day moving average is $8.46.

PIMCO Income Strategy Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be issued a $0.0814 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 12.48%. The ex-dividend date of this dividend is Friday, April 11th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Anfield Capital Management LLC purchased a new position in shares of PIMCO Income Strategy Fund during the 4th quarter valued at $56,000. Ameriflex Group Inc. bought a new stake in PIMCO Income Strategy Fund during the fourth quarter valued at $76,000. Miller Financial Services LLC purchased a new position in PIMCO Income Strategy Fund during the fourth quarter worth about $93,000. Virtu Financial LLC bought a new position in PIMCO Income Strategy Fund in the 3rd quarter worth about $108,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of PIMCO Income Strategy Fund by 11.6% in the 4th 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.

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.