RS Crum Inc. purchased a new stake in shares of PIMCO Income Strategy Fund II (NYSE:PFN – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 55,750 shares of the financial services provider’s stock, valued at approximately $400,000.
Several other large investors have also recently modified their holdings of the stock. Foundations Investment Advisors LLC purchased a new position in PIMCO Income Strategy Fund II in the 4th quarter worth approximately $77,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of PIMCO Income Strategy Fund II by 341.9% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 13,700 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 10,600 shares during the last quarter. Keudell Morrison Wealth Management bought a new position in shares of PIMCO Income Strategy Fund II during the second quarter valued at $134,000. First Foundation Advisors boosted its position in shares of PIMCO Income Strategy Fund II by 18.8% during the second quarter. First Foundation Advisors now owns 20,863 shares of the financial services provider’s stock valued at $150,000 after buying an additional 3,306 shares during the last quarter. Finally, Focus Financial Network Inc. ADV bought a new stake in PIMCO Income Strategy Fund II in the 4th quarter worth about $182,000.
PIMCO Income Strategy Fund II Price Performance
Shares of NYSE:PFN opened at $7.46 on Friday. The business has a 50-day simple moving average of $7.24 and a two-hundred day simple moving average of $7.30. PIMCO Income Strategy Fund II has a fifty-two week low of $5.93 and a fifty-two week high of $7.58.
PIMCO Income Strategy Fund II Cuts Dividend
PIMCO Income Strategy Fund II 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.
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