Centaurus Financial Inc. Takes Position in PIMCO Income Strategy Fund II $PFN

Centaurus Financial Inc. acquired a new position in shares of PIMCO Income Strategy Fund II (NYSE:PFN) during the second quarter, Holdings Channel reports. The fund acquired 81,925 shares of the financial services provider’s stock, valued at approximately $584,000.

Several other large investors also recently made changes to their positions in the company. Western Wealth Management LLC acquired a new position in PIMCO Income Strategy Fund II during the 1st quarter worth approximately $28,000. Comerica Bank grew its stake in PIMCO Income Strategy Fund II by 45.8% in the third quarter. Comerica Bank now owns 4,375 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 1,375 shares during the period. Allworth Financial LP acquired a new stake in PIMCO Income Strategy Fund II in the second quarter valued at approximately $41,000. Fifth Third Bancorp bought a new stake in shares of PIMCO Income Strategy Fund II during the first quarter valued at approximately $53,000. Finally, Advisory Services Network LLC bought a new stake in shares of PIMCO Income Strategy Fund II during the third quarter valued at approximately $76,000.

PIMCO Income Strategy Fund II Price Performance

Shares of NYSE:PFN opened at $6.99 on Friday. PIMCO Income Strategy Fund II has a twelve month low of $6.53 and a twelve month high of $7.67. The stock’s 50 day moving average is $7.05 and its 200-day moving average is $7.02.

PIMCO Income Strategy Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.0718 per share. This represents a c) dividend on an annualized basis and a yield of 12.3%. The ex-dividend date is Thursday, August 13th.

PIMCO Income Strategy Fund II Company Profile

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end management investment company that seeks to provide high current income by investing principally in a diversified portfolio of credit instruments. The fund’s assets are allocated across a range of fixed income sectors, including corporate debt, asset- and mortgage-backed securities, emerging market debt, and other income-producing instruments, both in the U.S. and international markets.

The fund employs a flexible investment approach designed by PIMCO’s portfolio management team, incorporating the use of leverage and derivatives to enhance yield and manage duration risk.