EverSource Wealth Advisors LLC Sells 1,010,896 Shares of PIMCO Income Strategy Fund II $PFN

EverSource Wealth Advisors LLC reduced its position in shares of PIMCO Income Strategy Fund II (NYSE:PFN) by 94.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,843 shares of the financial services provider’s stock after selling 1,010,896 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in PIMCO Income Strategy Fund II were worth $378,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC increased its position in shares of PIMCO Income Strategy Fund II by 39,179.0% during the fourth 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 acquiring an additional 1,475,481 shares in the last quarter. LPL Financial LLC increased its holdings in shares of PIMCO Income Strategy Fund II by 0.6% in the 4th quarter. LPL Financial LLC now owns 1,314,714 shares of the financial services provider’s stock worth $9,860,000 after purchasing an additional 7,692 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of PIMCO Income Strategy Fund II by 17.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 889,980 shares of the financial services provider’s stock worth $6,717,000 after purchasing an additional 131,851 shares in the last quarter. Rivernorth Capital Management LLC raised its stake in shares of PIMCO Income Strategy Fund II by 4.3% in the first quarter. Rivernorth Capital Management LLC now owns 838,080 shares of the financial services provider’s stock worth $5,774,000 after purchasing an additional 34,573 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of PIMCO Income Strategy Fund II by 67.1% during the fourth quarter. Wells Fargo & Company MN now owns 782,179 shares of the financial services provider’s stock valued at $5,866,000 after purchasing an additional 314,150 shares in the last quarter.

PIMCO Income Strategy Fund II Trading Down 0.2%

NYSE PFN opened at $7.07 on Tuesday. PIMCO Income Strategy Fund II has a one year low of $6.53 and a one year high of $7.67. The stock has a 50-day moving average of $6.99 and a 200 day moving average of $7.07.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Monday, July 13th were paid a $0.0718 dividend. The ex-dividend date was Monday, July 13th. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%.

PIMCO Income Strategy Fund II Profile

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.