PIMCO Income Strategy Fund (NYSE:PFL) Shares Pass Above 200 Day Moving Average – What’s Next?

PIMCO Income Strategy Fund (NYSE:PFL) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.46 and traded as high as $8.55. PIMCO Income Strategy Fund shares last traded at $8.54, with a volume of 115,640 shares changing hands.

PIMCO Income Strategy Fund Trading Up 0.2 %

The stock has a 50-day simple moving average of $8.45 and a two-hundred day simple moving average of $8.47.

PIMCO Income Strategy Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be given a dividend of $0.0814 per share. This represents a $0.98 dividend on an annualized basis and a yield of 11.44%. The ex-dividend date is Thursday, February 13th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Ameriflex Group Inc. bought a new position in shares of PIMCO Income Strategy Fund in the 4th quarter worth $76,000. Bank of America Corp DE raised its position in shares of PIMCO Income Strategy Fund by 6.3% in the 4th quarter. Bank of America Corp DE now owns 185,751 shares of the investment management company’s stock worth $1,557,000 after acquiring an additional 11,077 shares in the last quarter. Two Sigma Securities LLC bought a new position in shares of PIMCO Income Strategy Fund in the 4th quarter worth $129,000. Stifel Financial Corp raised its position in shares of PIMCO Income Strategy Fund by 3.6% in the 4th quarter. Stifel Financial Corp now owns 249,509 shares of the investment management company’s stock worth $2,091,000 after acquiring an additional 8,649 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of PIMCO Income Strategy Fund by 5.3% in the 4th quarter. NewEdge Advisors LLC now owns 88,050 shares of the investment management company’s stock worth $738,000 after acquiring an additional 4,400 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.