Concurrent Investment Advisors LLC Sells 138,900 Shares of PIMCO Income Strategy Fund II $PFN

Concurrent Investment Advisors LLC cut its holdings in shares of PIMCO Income Strategy Fund II (NYSE:PFN) by 46.0% during the second quarter, Holdings Channel reports. The fund owned 163,098 shares of the financial services provider’s stock after selling 138,900 shares during the period. Concurrent Investment Advisors LLC’s holdings in PIMCO Income Strategy Fund II were worth $1,163,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Steward Partners Investment Advisory LLC raised its position in PIMCO Income Strategy Fund II by 39,179.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,479,247 shares of the financial services provider’s stock valued at $11,094,000 after purchasing an additional 1,475,481 shares during the last quarter. Wells Fargo & Company MN lifted its position in PIMCO Income Strategy Fund II by 67.1% during the 4th quarter. Wells Fargo & Company MN now owns 782,179 shares of the financial services provider’s stock worth $5,866,000 after buying an additional 314,150 shares in the last quarter. Bank of America Corp DE bought a new stake in PIMCO Income Strategy Fund II during the 2nd quarter worth about $2,238,000. Royal Bank of Canada increased its position in PIMCO Income Strategy Fund II by 404.2% in the 1st quarter. Royal Bank of Canada now owns 378,002 shares of the financial services provider’s stock valued at $2,605,000 after acquiring an additional 303,031 shares in the last quarter. Finally, Susquehanna International Group LLP raised its stake in shares of PIMCO Income Strategy Fund II by 760.8% in the second quarter. Susquehanna International Group LLP now owns 223,785 shares of the financial services provider’s stock worth $1,596,000 after acquiring an additional 197,789 shares during the last quarter.

PIMCO Income Strategy Fund II Trading Down 1.2%

Shares of PFN stock opened at $6.78 on Friday. PIMCO Income Strategy Fund II has a 1 year low of $6.53 and a 1 year high of $7.67. The firm’s 50 day moving average is $7.04 and its 200-day moving average is $6.99.

PIMCO Income Strategy Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be given a $0.0718 dividend. This represents a c) annualized dividend and a yield of 12.7%. The ex-dividend date is Friday, September 11th.

About PIMCO Income Strategy Fund II

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.