Cetera Investment Advisers Grows Stock Holdings in PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Cetera Investment Advisers boosted its stake in shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS) by 35.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 194,417 shares of the investment management company’s stock after buying an additional 50,837 shares during the period. Cetera Investment Advisers owned approximately 0.42% of PIMCO Strategic Income Fund worth $1,207,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Straight Path Wealth Management grew its holdings in PIMCO Strategic Income Fund by 17.1% during the 2nd quarter. Straight Path Wealth Management now owns 27,436 shares of the investment management company’s stock worth $170,000 after acquiring an additional 4,014 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of PIMCO Strategic Income Fund in the second quarter worth $189,000. Atomi Financial Group Inc. raised its holdings in shares of PIMCO Strategic Income Fund by 135.8% during the first quarter. Atomi Financial Group Inc. now owns 84,536 shares of the investment management company’s stock worth $515,000 after purchasing an additional 48,682 shares during the last quarter. Milestone Asset Management LLC lifted its position in PIMCO Strategic Income Fund by 170.8% during the second quarter. Milestone Asset Management LLC now owns 234,836 shares of the investment management company’s stock valued at $1,458,000 after purchasing an additional 148,122 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its position in PIMCO Strategic Income Fund by 75.7% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 275,353 shares of the investment management company’s stock valued at $1,677,000 after acquiring an additional 118,596 shares in the last quarter. 13.48% of the stock is owned by hedge funds and other institutional investors.

PIMCO Strategic Income Fund Price Performance

RCS stock opened at $7.62 on Thursday. PIMCO Strategic Income Fund, Inc. has a 52-week low of $4.51 and a 52-week high of $8.07. The company’s 50-day simple moving average is $7.28 and its 200-day simple moving average is $6.54.

PIMCO Strategic Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 11th will be paid a dividend of $0.051 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.61 annualized dividend and a yield of 8.03%.

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.