Cambridge Investment Research Advisors Inc. Lowers Stock Position in PIMCO Strategic Income Fund, Inc. (NYSE:RCS)

Cambridge Investment Research Advisors Inc. cut its stake in shares of PIMCO Strategic Income Fund, Inc. (NYSE:RCS – Get Rating) by 0.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 428,075 shares of the investment management company’s stock after selling 3,268 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in PIMCO Strategic Income Fund were worth $2,907,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisor Group Holdings Inc. grew its stake in shares of PIMCO Strategic Income Fund by 7.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 691,197 shares of the investment management company’s stock valued at $4,694,000 after buying an additional 46,032 shares during the period. TrueWealth Advisors LLC purchased a new stake in shares of PIMCO Strategic Income Fund during the 4th quarter valued at $250,000. Edge Wealth Management LLC grew its stake in shares of PIMCO Strategic Income Fund by 4.3% during the 4th quarter. Edge Wealth Management LLC now owns 53,000 shares of the investment management company’s stock valued at $360,000 after buying an additional 2,170 shares during the period. Moors & Cabot Inc. purchased a new stake in PIMCO Strategic Income Fund during the 3rd quarter worth $36,000. Finally, Wealthsource Partners LLC purchased a new stake in PIMCO Strategic Income Fund during the 3rd quarter worth $174,000. 20.48% of the stock is owned by institutional investors.

Shares of PIMCO Strategic Income Fund stock opened at $5.59 on Friday. The company has a fifty day moving average price of $5.84 and a 200 day moving average price of $6.57. PIMCO Strategic Income Fund, Inc. has a twelve month low of $5.37 and a twelve month high of $8.23.

The firm also recently declared a monthly dividend, which will be paid on Monday, May 2nd. Investors of record on Monday, April 11th will be given a dividend of $0.051 per share. The ex-dividend date is Friday, April 8th. This represents a $0.61 dividend on an annualized basis and a yield of 10.95%.

About PIMCO Strategic Income Fund (Get Rating)

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.

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