Private Trust Co. NA Lowers Stock Holdings in PIMCO Income Strategy Fund II $PFN

Private Trust Co. NA cut its holdings in PIMCO Income Strategy Fund II (NYSE:PFN) by 1.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 192,830 shares of the financial services provider’s stock after selling 3,366 shares during the quarter. Private Trust Co. NA’s holdings in PIMCO Income Strategy Fund II were worth $1,425,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PFN. EverSource Wealth Advisors LLC lifted its position in shares of PIMCO Income Strategy Fund II by 14.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,001,543 shares of the financial services provider’s stock valued at $7,552,000 after acquiring an additional 128,030 shares in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in PIMCO Income Strategy Fund II by 60.0% in the 1st quarter. J.W. Cole Advisors Inc. now owns 247,918 shares of the financial services provider’s stock valued at $1,869,000 after purchasing an additional 92,960 shares in the last quarter. Keudell Morrison Wealth Management acquired a new stake in PIMCO Income Strategy Fund II during the 2nd quarter worth $573,000. Guggenheim Capital LLC grew its holdings in shares of PIMCO Income Strategy Fund II by 4.2% during the first quarter. Guggenheim Capital LLC now owns 1,785,900 shares of the financial services provider’s stock worth $13,466,000 after buying an additional 72,232 shares in the last quarter. Finally, Cypress Capital Group purchased a new stake in shares of PIMCO Income Strategy Fund II during the second quarter worth $348,000.

PIMCO Income Strategy Fund II Price Performance

NYSE:PFN opened at $7.47 on Friday. The company’s 50-day moving average price is $7.57 and its 200-day moving average price is $7.39. PIMCO Income Strategy Fund II has a twelve month low of $6.26 and a twelve month high of $7.67.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Tuesday, October 14th will be paid a dividend of $0.0718 per share. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a c) dividend on an annualized basis and a yield of 11.5%.

PIMCO Income Strategy Fund II Company Profile

PIMCO Income Strategy Fund II is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in the fixed income markets of the United States. It invests in securities of companies operating across the diversified sectors.