Verity Asset Management Inc. Takes $86,000 Position in PIMCO Income Strategy Fund II $PFN

Verity Asset Management Inc. acquired a new stake in shares of PIMCO Income Strategy Fund II (NYSE:PFN) during the 2nd quarter, Holdings Channel reports. The firm acquired 11,695 shares of the financial services provider’s stock, valued at approximately $86,000.

Several other institutional investors have also recently made changes to their positions in the stock. Elm3 Financial Group LLC raised its holdings in shares of PIMCO Income Strategy Fund II by 5.3% during the second quarter. Elm3 Financial Group LLC now owns 40,690 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 2,048 shares during the period. Cetera Investment Advisers raised its holdings in shares of PIMCO Income Strategy Fund II by 3.0% during the first quarter. Cetera Investment Advisers now owns 90,394 shares of the financial services provider’s stock valued at $682,000 after purchasing an additional 2,637 shares during the period. Invesco Ltd. raised its holdings in shares of PIMCO Income Strategy Fund II by 0.6% during the first quarter. Invesco Ltd. now owns 643,259 shares of the financial services provider’s stock valued at $4,850,000 after purchasing an additional 3,552 shares during the period. Moors & Cabot Inc. raised its holdings in shares of PIMCO Income Strategy Fund II by 8.0% during the first quarter. Moors & Cabot Inc. now owns 54,604 shares of the financial services provider’s stock valued at $412,000 after purchasing an additional 4,028 shares during the period. Finally, Consolidated Portfolio Review Corp raised its holdings in shares of PIMCO Income Strategy Fund II by 1.2% during the second quarter. Consolidated Portfolio Review Corp now owns 372,691 shares of the financial services provider’s stock valued at $2,754,000 after purchasing an additional 4,318 shares during the period.

PIMCO Income Strategy Fund II Trading Up 0.4%

Shares of NYSE PFN opened at $7.50 on Tuesday. The firm’s 50-day moving average price is $7.55 and its 200-day moving average price is $7.43. PIMCO Income Strategy Fund II has a 1-year low of $6.26 and a 1-year high of $7.67.

PIMCO Income Strategy Fund II Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, November 3rd. Investors of record on Tuesday, October 14th were issued a $0.0718 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date was Tuesday, October 14th.

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.