IMC Chicago LLC Invests $604,000 in PIMCO Income Strategy Fund II $PFN

IMC Chicago LLC bought a new position in PIMCO Income Strategy Fund II (NYSE:PFN) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 84,734 shares of the financial services provider’s stock, valued at approximately $604,000.

Other institutional investors have also added to or reduced their stakes in the company. Western Wealth Management LLC purchased a new stake in PIMCO Income Strategy Fund II during the first quarter valued at about $28,000. Comerica Bank boosted its holdings in shares of PIMCO Income Strategy Fund II by 45.8% in the 3rd quarter. Comerica Bank now owns 4,375 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 1,375 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of PIMCO Income Strategy Fund II in the 1st quarter worth about $53,000. Advisory Services Network LLC purchased a new position in shares of PIMCO Income Strategy Fund II in the 3rd quarter worth about $76,000. Finally, CreativeOne Wealth LLC bought a new position in shares of PIMCO Income Strategy Fund II during the 3rd quarter valued at about $84,000.

PIMCO Income Strategy Fund II Price Performance

Shares of NYSE PFN opened at $7.08 on Monday. PIMCO Income Strategy Fund II has a 1-year low of $6.53 and a 1-year high of $7.67. The stock’s 50-day moving average is $7.02 and its 200 day moving average is $7.05.

PIMCO Income Strategy Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be given a dividend of $0.0718 per share. This represents a c) dividend on an annualized basis and a yield of 12.2%. The ex-dividend date is Thursday, August 13th.

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.