Janney Montgomery Scott LLC Lowers Stock Position in PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Janney Montgomery Scott LLC trimmed its stake in PIMCO Strategic Income Fund, Inc. (NYSE:RCS) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 121,806 shares of the investment management company’s stock after selling 2,731 shares during the period. Janney Montgomery Scott LLC owned 0.26% of PIMCO Strategic Income Fund worth $937,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its stake in PIMCO Strategic Income Fund by 35.4% in the 2nd quarter. Cetera Investment Advisers now owns 194,417 shares of the investment management company’s stock worth $1,207,000 after purchasing an additional 50,837 shares in the last quarter. Straight Path Wealth Management grew its holdings in shares of PIMCO Strategic Income Fund by 17.1% during the second quarter. Straight Path Wealth Management now owns 27,436 shares of the investment management company’s stock valued at $170,000 after buying an additional 4,014 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of PIMCO Strategic Income Fund by 38.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 380,285 shares of the investment management company’s stock valued at $2,362,000 after acquiring an additional 104,932 shares during the period. J.W. Cole Advisors Inc. purchased a new position in PIMCO Strategic Income Fund in the 2nd quarter worth $189,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in PIMCO Strategic Income Fund by 6.0% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 865,572 shares of the investment management company’s stock worth $5,375,000 after acquiring an additional 49,004 shares during the period. Institutional investors own 13.48% of the company’s stock.

PIMCO Strategic Income Fund Stock Down 0.4 %

NYSE:RCS opened at $7.71 on Friday. The firm’s fifty day moving average is $7.63 and its two-hundred day moving average is $6.82. PIMCO Strategic Income Fund, Inc. has a one year low of $5.42 and a one year high of $8.07.

PIMCO Strategic Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.051 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.61 dividend on an annualized basis and a yield of 7.94%.

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.