Elm3 Financial Group LLC Invests $288,000 in PIMCO Income Strategy Fund II (NYSE:PFN)

Elm3 Financial Group LLC bought a new position in shares of PIMCO Income Strategy Fund II (NYSE:PFN) in the fourth quarter, Holdings Channel reports. The firm bought 38,625 shares of the financial services provider’s stock, valued at approximately $288,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC lifted its holdings in shares of PIMCO Income Strategy Fund II by 114.2% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 4,069 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 2,169 shares in the last quarter. International Assets Investment Management LLC boosted its position in PIMCO Income Strategy Fund II by 662.0% during the third quarter. International Assets Investment Management LLC now owns 7,620 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 6,620 shares during the last quarter. Ibex Wealth Advisors acquired a new position in PIMCO Income Strategy Fund II during the fourth quarter worth $82,000. Sanctuary Advisors LLC acquired a new stake in PIMCO Income Strategy Fund II in the 2nd quarter valued at about $287,000. Finally, Main Street Financial Solutions LLC raised its stake in PIMCO Income Strategy Fund II by 3.0% in the 3rd quarter. Main Street Financial Solutions LLC now owns 47,257 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 1,355 shares during the period.

PIMCO Income Strategy Fund II Stock Performance

PFN opened at $7.62 on Thursday. PIMCO Income Strategy Fund II has a 1 year low of $6.96 and a 1 year high of $7.76. The business has a fifty day simple moving average of $7.47 and a 200 day simple moving average of $7.45.

PIMCO Income Strategy Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be issued a $0.0718 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 11.31%. The ex-dividend date is Thursday, February 13th.

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.