PIMCO Strategic Income Fund, Inc. (NYSE:RCS) Shares Acquired by Commonwealth Equity Services LLC

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Commonwealth Equity Services LLC raised its holdings in shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS) by 0.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 525,993 shares of the investment management company’s stock after purchasing an additional 1,774 shares during the period. Commonwealth Equity Services LLC’s holdings in PIMCO Strategic Income Fund were worth $3,708,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Bank of America Corp DE increased its position in shares of PIMCO Strategic Income Fund by 12.1% during the second quarter. Bank of America Corp DE now owns 22,550 shares of the investment management company’s stock worth $172,000 after purchasing an additional 2,437 shares in the last quarter. Private Advisory Group LLC increased its position in shares of PIMCO Strategic Income Fund by 27.6% during the third quarter. Private Advisory Group LLC now owns 14,349 shares of the investment management company’s stock worth $101,000 after purchasing an additional 3,106 shares in the last quarter. LPL Financial LLC increased its position in shares of PIMCO Strategic Income Fund by 9.9% during the second quarter. LPL Financial LLC now owns 47,577 shares of the investment management company’s stock worth $362,000 after purchasing an additional 4,273 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of PIMCO Strategic Income Fund by 121.7% during the second quarter. PNC Financial Services Group Inc. now owns 8,424 shares of the investment management company’s stock worth $65,000 after purchasing an additional 4,624 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of PIMCO Strategic Income Fund by 9.3% during the second quarter. Royal Bank of Canada now owns 67,318 shares of the investment management company’s stock worth $512,000 after purchasing an additional 5,733 shares in the last quarter. 20.39% of the stock is currently owned by institutional investors and hedge funds.

Shares of RCS stock opened at $6.66 on Wednesday. The business’s fifty day simple moving average is $7.15 and its 200-day simple moving average is $7.49. PIMCO Strategic Income Fund, Inc. has a 12-month low of $6.54 and a 12-month high of $8.23.

The firm also recently declared a monthly dividend, which will be paid on Monday, January 3rd. Stockholders of record on Monday, December 13th will be given a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 9.19%. The ex-dividend date is Friday, December 10th.

About PIMCO Strategic Income Fund

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.

Further Reading: Understanding Price to Earnings Ratio (PE)

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