Northwestern Mutual Wealth Management Co. Acquires New Holdings in PIMCO Income Strategy Fund II $PFN

Northwestern Mutual Wealth Management Co. bought a new position in shares of PIMCO Income Strategy Fund II (NYSE:PFN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 75,212 shares of the financial services provider’s stock, valued at approximately $536,000.

Other hedge funds have also recently made changes to their positions in the company. Concurrent Investment Advisors LLC bought a new stake in PIMCO Income Strategy Fund II during the fourth quarter valued at $2,340,000. Keudell Morrison Wealth Management bought a new position in PIMCO Income Strategy Fund II in the 4th quarter worth about $703,000. IMC Chicago LLC purchased a new stake in shares of PIMCO Income Strategy Fund II in the 2nd quarter valued at about $604,000. Independent Financial Group LLC purchased a new stake in shares of PIMCO Income Strategy Fund II in the 1st quarter valued at about $499,000. Finally, Royal Bank of Canada grew its holdings in shares of PIMCO Income Strategy Fund II by 404.2% during the first quarter. Royal Bank of Canada now owns 378,002 shares of the financial services provider’s stock worth $2,605,000 after purchasing an additional 303,031 shares in the last quarter.

PIMCO Income Strategy Fund II Trading Down 0.4%

Shares of PIMCO Income Strategy Fund II stock opened at $6.96 on Thursday. PIMCO Income Strategy Fund II has a 1 year low of $6.53 and a 1 year high of $7.67. The company has a 50 day simple moving average of $7.05 and a two-hundred day simple moving average of $7.03.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be given a $0.0718 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) annualized dividend and a yield of 12.4%.

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.