PIMCO Strategic Income Fund, Inc. (NYSE:RCS) Stake Raised by LPL Financial LLC

LPL Financial LLC grew its holdings in shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS) by 15.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,239,924 shares of the investment management company’s stock after purchasing an additional 166,096 shares during the period. LPL Financial LLC owned approximately 2.69% of PIMCO Strategic Income Fund worth $9,448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in RCS. HighTower Advisors LLC bought a new stake in PIMCO Strategic Income Fund during the fourth quarter worth approximately $82,000. Straight Path Wealth Management lifted its position in shares of PIMCO Strategic Income Fund by 7.2% during the 4th quarter. Straight Path Wealth Management now owns 29,759 shares of the investment management company’s stock valued at $227,000 after acquiring an additional 2,011 shares during the last quarter. Mutual Advisors LLC boosted its stake in shares of PIMCO Strategic Income Fund by 93.3% during the 4th quarter. Mutual Advisors LLC now owns 49,157 shares of the investment management company’s stock worth $375,000 after acquiring an additional 23,724 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of PIMCO Strategic Income Fund in the 4th quarter worth $442,000. Finally, Bravias Capital Group LLC acquired a new stake in shares of PIMCO Strategic Income Fund during the fourth quarter worth $632,000. Institutional investors and hedge funds own 13.48% of the company’s stock.

PIMCO Strategic Income Fund Trading Down 6.4 %

Shares of RCS opened at $5.81 on Friday. The company has a 50-day moving average of $6.33 and a two-hundred day moving average of $7.05. PIMCO Strategic Income Fund, Inc. has a one year low of $5.54 and a one year high of $8.09.

PIMCO Strategic Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Friday, April 11th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.48 dividend on an annualized basis and a yield of 8.27%.

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.