Baker Avenue Asset Management LP Makes New Investment in PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Baker Avenue Asset Management LP purchased a new stake in PIMCO Strategic Income Fund, Inc. (NYSE:RCS) during the third quarter, HoldingsChannel.com reports. The fund purchased 88,500 shares of the investment management company’s stock, valued at approximately $681,000.

A number of other institutional investors and hedge funds have also modified their holdings of RCS. Milestone Asset Management LLC grew its stake in PIMCO Strategic Income Fund by 170.8% in the 2nd quarter. Milestone Asset Management LLC now owns 234,836 shares of the investment management company’s stock valued at $1,458,000 after buying an additional 148,122 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in PIMCO Strategic Income Fund by 17.1% during the second quarter. Atomi Financial Group Inc. now owns 99,011 shares of the investment management company’s stock valued at $615,000 after acquiring an additional 14,475 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of PIMCO Strategic Income Fund by 6.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 865,572 shares of the investment management company’s stock valued at $5,375,000 after purchasing an additional 49,004 shares during the last quarter. J.W. Cole Advisors Inc. bought a new position in shares of PIMCO Strategic Income Fund in the second quarter worth about $189,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of PIMCO Strategic Income Fund by 38.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 380,285 shares of the investment management company’s stock worth $2,362,000 after purchasing an additional 104,932 shares during the last quarter. 13.48% of the stock is currently owned by institutional investors and hedge funds.

PIMCO Strategic Income Fund Stock Performance

Shares of NYSE:RCS opened at $7.88 on Tuesday. The business has a 50 day moving average price of $7.57 and a 200 day moving average price of $6.77. PIMCO Strategic Income Fund, Inc. has a twelve month low of $5.15 and a twelve month high of $8.07.

PIMCO Strategic Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be paid a $0.051 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.61 annualized dividend and a dividend yield of 7.77%.

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.