PIMCO Income Strategy Fund II to Issue Monthly Dividend of $0.07 (NYSE:PFN)

PIMCO Income Strategy Fund II (NYSE:PFN) declared a monthly dividend on Monday, November 3rd. Shareholders of record on Friday, November 14th will be given a dividend of 0.0718 per share by the financial services provider on Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 11.5%. The ex-dividend date of this dividend is Friday, November 14th.

PIMCO Income Strategy Fund II Stock Down 0.1%

NYSE:PFN traded down $0.01 during trading hours on Tuesday, reaching $7.50. 38,600 shares of the stock were exchanged, compared to its average volume of 330,794. The business has a 50-day moving average of $7.55 and a two-hundred day moving average of $7.43. PIMCO Income Strategy Fund II has a twelve month low of $6.26 and a twelve month high of $7.67.

Institutional Trading of PIMCO Income Strategy Fund II

Hedge funds have recently modified their holdings of the stock. Allworth Financial LP raised its stake in shares of PIMCO Income Strategy Fund II by 179.6% in the second quarter. Allworth Financial LP now owns 5,509 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 3,539 shares in the last quarter. Arete Wealth Advisors LLC acquired a new stake in shares of PIMCO Income Strategy Fund II in the first quarter valued at $76,000. Gridiron Partners LLC acquired a new stake in shares of PIMCO Income Strategy Fund II in the second quarter valued at $80,000. Willner & Heller LLC acquired a new stake in shares of PIMCO Income Strategy Fund II in the first quarter valued at $83,000. Finally, Verity Asset Management Inc. purchased a new position in PIMCO Income Strategy Fund II in the second quarter valued at $86,000.

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.