150,728 PIMCO Income Strategy Fund II $PFN Shares Sold by Shaker Financial Services LLC

Shaker Financial Services LLC trimmed its holdings in PIMCO Income Strategy Fund II (NYSE:PFN) by 32.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 313,823 shares of the financial services provider’s stock after selling 150,728 shares during the quarter. Shaker Financial Services LLC’s holdings in PIMCO Income Strategy Fund II were worth $1,971,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PFN. Western Wealth Management LLC acquired a new stake in shares of PIMCO Income Strategy Fund II in the 1st quarter valued at $28,000. Allworth Financial LP acquired a new position in PIMCO Income Strategy Fund II during the second quarter worth $41,000. Fifth Third Bancorp bought a new position in PIMCO Income Strategy Fund II during the first quarter valued at about $53,000. World Investment Advisors raised its holdings in PIMCO Income Strategy Fund II by 75.7% during the fourth quarter. World Investment Advisors now owns 18,938 shares of the financial services provider’s stock valued at $142,000 after buying an additional 8,162 shares in the last quarter. Finally, Burford Brothers Inc. bought a new position in PIMCO Income Strategy Fund II during the first quarter valued at about $281,000.

PIMCO Income Strategy Fund II Price Performance

Shares of NYSE:PFN traded down $0.07 on Wednesday, reaching $6.12. The company had a trading volume of 368,186 shares, compared to its average volume of 492,412. The stock has a 50-day moving average price of $6.69 and a 200 day moving average price of $6.88. PIMCO Income Strategy Fund II has a twelve month low of $6.10 and a twelve month high of $7.59.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Tuesday, October 13th will be paid a $0.0718 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date of this dividend is Tuesday, October 13th.

PIMCO Income Strategy Fund II Profile

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

To pursue its objectives, PFN invests primarily in a diversified portfolio of fixed-income securities. Its holdings may include corporate bonds, mortgage-backed and other asset-backed securities, government and sovereign debt, emerging-market obligations, and securities rated below investment grade.