PIMCO Income Strategy Fund II (PFN) To Go Ex-Dividend on March 12th

PIMCO Income Strategy Fund II (NYSE:PFN) declared a monthly dividend on Monday, March 2nd. Shareholders of record on Thursday, March 12th will be paid a dividend of 0.0718 per share by the financial services provider on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 12.3%. The ex-dividend date is Thursday, March 12th.

PIMCO Income Strategy Fund II Trading Down 1.1%

Shares of PFN stock opened at $7.00 on Tuesday. PIMCO Income Strategy Fund II has a 12 month low of $6.26 and a 12 month high of $7.67. The stock has a 50 day moving average of $7.39 and a two-hundred day moving average of $7.46.

Institutional Investors Weigh In On PIMCO Income Strategy Fund II

A number of large investors have recently bought and sold shares of PFN. Highline Wealth Partners LLC lifted its holdings in PIMCO Income Strategy Fund II by 1,030.3% during the 4th quarter. Highline Wealth Partners LLC now owns 3,730 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 3,400 shares in the last quarter. Comerica Bank raised its stake in PIMCO Income Strategy Fund II by 45.8% during the third quarter. Comerica Bank now owns 4,375 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 1,375 shares in the last quarter. Allworth Financial LP grew its stake in PIMCO Income Strategy Fund II by 179.6% in the 2nd quarter. Allworth Financial LP now owns 5,509 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 3,539 shares in the last quarter. Advisory Services Network LLC bought a new position in PIMCO Income Strategy Fund II in the third quarter worth about $76,000. Finally, CreativeOne Wealth LLC acquired a new stake in shares of PIMCO Income Strategy Fund II in the third quarter worth $84,000.

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.