PIMCO Income Strategy Fund (NYSE:PFL) Shares Will Pay Monthly Dividend of $0.08

by · The Markets Daily

PIMCO Income Strategy Fund (NYSE:PFL – Get Free Report) announced a monthly dividend on Monday, November 2nd. Investors of record on Friday, November 13th will be given a dividend of $0.0814 per share by the investment management company on Tuesday, December 1st. This represents a $0.98 annualized dividend and a yield of 14.1%. The ex-dividend date is Friday, November 13th.

PIMCO Income Strategy Fund Stock Up 2.8%

NYSE:PFL traded up $0.19 during trading hours on Tuesday, reaching $6.95. 539,249 shares of the company’s stock were exchanged, compared to its average volume of 227,378. The company has a 50-day moving average of $7.06 and a 200 day moving average of $7.75. PIMCO Income Strategy Fund has a 1-year low of $6.60 and a 1-year high of $8.54.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Independent Financial Group LLC purchased a new stake in shares of PIMCO Income Strategy Fund in the first quarter valued at about $4,192,000. Centaurus Financial Inc. purchased a new stake in PIMCO Income Strategy Fund in the 2nd quarter valued at approximately $2,025,000. Shaker Financial Services LLC increased its position in PIMCO Income Strategy Fund by 85.8% during the 3rd quarter. Shaker Financial Services LLC now owns 548,253 shares of the investment management company’s stock worth $3,809,000 after purchasing an additional 253,173 shares during the period. Bank of America Corp DE acquired a new position in PIMCO Income Strategy Fund during the 2nd quarter worth approximately $1,611,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of PIMCO Income Strategy Fund by 54.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 279,307 shares of the investment management company’s stock worth $1,927,000 after buying an additional 98,696 shares in the last quarter.

About PIMCO Income Strategy Fund

(Get Free Report)

PIMCO Income Strategy Fund (NYSE:PFL) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

PFL invests primarily in a diversified portfolio of fixed-income securities issued by governments, corporations and other entities. Its investments may include investment-grade and below-investment-grade debt, mortgage- and asset-backed securities, emerging-market debt, and other income-producing instruments.

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