Silver Oak Securities Incorporated Makes New Investment in PIMCO Strategic Income Fund, Inc. $RCS

Silver Oak Securities Incorporated purchased a new stake in PIMCO Strategic Income Fund, Inc. (NYSE:RCS) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 103,142 shares of the investment management company’s stock, valued at approximately $603,000. Silver Oak Securities Incorporated owned about 0.22% of PIMCO Strategic Income Fund as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Benjamin Edwards Inc. raised its position in shares of PIMCO Strategic Income Fund by 2.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 436,098 shares of the investment management company’s stock worth $3,310,000 after buying an additional 10,664 shares during the period. UBS Group AG boosted its holdings in PIMCO Strategic Income Fund by 1.1% in the third quarter. UBS Group AG now owns 391,220 shares of the investment management company’s stock valued at $2,969,000 after acquiring an additional 4,313 shares during the last quarter. Cetera Investment Advisers grew its position in PIMCO Strategic Income Fund by 2.3% during the second quarter. Cetera Investment Advisers now owns 72,983 shares of the investment management company’s stock valued at $508,000 after acquiring an additional 1,674 shares during the period. Raymond James Financial Inc. grew its position in PIMCO Strategic Income Fund by 28.1% during the third quarter. Raymond James Financial Inc. now owns 58,209 shares of the investment management company’s stock valued at $442,000 after acquiring an additional 12,781 shares during the period. Finally, Equitable Holdings Inc. increased its stake in PIMCO Strategic Income Fund by 73.2% during the third quarter. Equitable Holdings Inc. now owns 37,955 shares of the investment management company’s stock worth $288,000 after acquiring an additional 16,047 shares during the last quarter. 13.48% of the stock is owned by hedge funds and other institutional investors.

PIMCO Strategic Income Fund Stock Performance

PIMCO Strategic Income Fund stock opened at $5.47 on Friday. PIMCO Strategic Income Fund, Inc. has a 12 month low of $5.09 and a 12 month high of $8.00. The stock’s 50-day moving average is $5.68 and its 200-day moving average is $6.45.

PIMCO Strategic Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, April 1st. Investors of record on Thursday, March 12th were given a dividend of $0.04 per share. This represents a c) dividend on an annualized basis and a yield of 8.8%. The ex-dividend date of this dividend was Thursday, March 12th.

PIMCO Strategic Income Fund Company Profile

PIMCO Strategic Income Fund (NYSE: RCS) is a closed-end management investment company that seeks to deliver current income and capital appreciation by investing in a diversified portfolio of fixed income instruments. The fund is managed by Pacific Investment Management Company LLC (PIMCO), one of the world’s leading fixed income investment managers, and leverages PIMCO’s global research and risk-management platform to allocate across various credit sectors and interest rate environments.

The fund’s investment strategy is multi-sector and flexible, allowing the portfolio management team to adjust exposures among government securities, corporate bonds, asset-backed and mortgage-backed securities, high-yield debt, and emerging market instruments.