GPS Wealth Strategies Group LLC Purchases 2,169 Shares of PIMCO Income Strategy Fund II (NYSE:PFN)

GPS Wealth Strategies Group LLC lifted its position in shares of PIMCO Income Strategy Fund II (NYSE:PFN) by 114.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,069 shares of the financial services provider’s stock after purchasing an additional 2,169 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in PIMCO Income Strategy Fund II were worth $30,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Rivernorth Capital Management LLC lifted its position in PIMCO Income Strategy Fund II by 24.4% in the 3rd quarter. Rivernorth Capital Management LLC now owns 2,623,307 shares of the financial services provider’s stock valued at $19,990,000 after acquiring an additional 513,824 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in PIMCO Income Strategy Fund II by 3.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 826,917 shares of the financial services provider’s stock valued at $6,301,000 after acquiring an additional 28,427 shares in the last quarter. Raymond James & Associates lifted its position in PIMCO Income Strategy Fund II by 17.5% in the 3rd quarter. Raymond James & Associates now owns 339,087 shares of the financial services provider’s stock valued at $2,584,000 after acquiring an additional 50,623 shares in the last quarter. Horizon Kinetics Asset Management LLC lifted its position in PIMCO Income Strategy Fund II by 17.8% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 325,827 shares of the financial services provider’s stock valued at $2,483,000 after acquiring an additional 49,293 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in PIMCO Income Strategy Fund II by 70.3% in the 3rd quarter. Private Trust Co. NA now owns 181,660 shares of the financial services provider’s stock valued at $1,384,000 after acquiring an additional 75,020 shares in the last quarter.

PIMCO Income Strategy Fund II Price Performance

Shares of NYSE:PFN opened at $7.58 on Wednesday. The company’s 50-day moving average price is $7.47 and its two-hundred day moving average price is $7.44. PIMCO Income Strategy Fund II has a one year low of $6.96 and a one year high of $7.76.

PIMCO Income Strategy Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be given a dividend of $0.0718 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.86 annualized dividend and a yield of 11.37%.

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.