PIMCO Income Strategy Fund II (NYSE:PFN) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lowered its holdings in shares of PIMCO Income Strategy Fund II (NYSE:PFN) by 63.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,253 shares of the financial services provider’s stock after selling 28,637 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in PIMCO Income Strategy Fund II were worth $125,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rivernorth Capital Management LLC raised its position in shares of PIMCO Income Strategy Fund II by 24.4% during the 3rd quarter. Rivernorth Capital Management LLC now owns 2,623,307 shares of the financial services provider’s stock worth $19,990,000 after purchasing an additional 513,824 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in PIMCO Income Strategy Fund II by 3.6% during the third quarter. EverSource Wealth Advisors LLC now owns 826,917 shares of the financial services provider’s stock worth $6,301,000 after buying an additional 28,427 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of PIMCO Income Strategy Fund II by 3.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 489,643 shares of the financial services provider’s stock worth $3,511,000 after acquiring an additional 15,590 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of PIMCO Income Strategy Fund II by 18.4% during the second quarter. Commonwealth Equity Services LLC now owns 344,700 shares of the financial services provider’s stock valued at $2,472,000 after acquiring an additional 53,480 shares during the last quarter. Finally, Raymond James & Associates increased its position in PIMCO Income Strategy Fund II by 17.5% during the 3rd quarter. Raymond James & Associates now owns 339,087 shares of the financial services provider’s stock worth $2,584,000 after purchasing an additional 50,623 shares in the last quarter.

PIMCO Income Strategy Fund II Stock Performance

NYSE:PFN opened at $7.36 on Monday. PIMCO Income Strategy Fund II has a 12-month low of $6.96 and a 12-month high of $7.76. The company’s 50-day moving average is $7.50 and its two-hundred day moving average is $7.39.

PIMCO Income Strategy Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 12th will be paid a dividend of $0.0718 per share. This represents a $0.86 annualized dividend and a dividend yield of 11.71%. The ex-dividend date of this dividend is Thursday, December 12th.

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.