PIMCO Income Strategy Fund II (NYSE:PFN) Shares to Pay Monthly Dividend of $0.07

PIMCO Income Strategy Fund II (NYSE:PFN) announced a monthly dividend on Monday, November 2nd. Stockholders of record on Friday, November 13th will be given a dividend of $0.0718 per share by the financial services provider on Tuesday, December 1st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 13.6%. The ex-dividend date is Friday, November 13th.

PIMCO Income Strategy Fund II Stock Performance

Shares of NYSE PFN traded up $0.14 during trading hours on Tuesday, reaching $6.36. The stock had a trading volume of 521,439 shares, compared to its average volume of 498,504. The business’s fifty day moving average is $6.45 and its two-hundred day moving average is $6.92. PIMCO Income Strategy Fund II has a twelve month low of $6.04 and a twelve month high of $7.59.

Institutional Investors Weigh In On PIMCO Income Strategy Fund II

Several institutional investors and hedge funds have recently bought and sold shares of PFN. Kestra Advisory Services LLC boosted its holdings in PIMCO Income Strategy Fund II by 8.0% during the third quarter. Kestra Advisory Services LLC now owns 101,033 shares of the financial services provider’s stock valued at $638,000 after purchasing an additional 7,519 shares in the last quarter. Simplicity Wealth LLC raised its holdings in shares of PIMCO Income Strategy Fund II by 7.6% in the 3rd quarter. Simplicity Wealth LLC now owns 184,414 shares of the financial services provider’s stock worth $1,151,000 after buying an additional 13,028 shares in the last quarter. Wedbush Securities Inc. lifted its position in shares of PIMCO Income Strategy Fund II by 15.2% during the 3rd quarter. Wedbush Securities Inc. now owns 15,873 shares of the financial services provider’s stock worth $99,000 after buying an additional 2,100 shares during the period. Smith Chas P & Associates PA Cpas lifted its position in shares of PIMCO Income Strategy Fund II by 7.0% during the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 28,104 shares of the financial services provider’s stock worth $175,000 after buying an additional 1,850 shares during the period. Finally, Pinnacle Associates Ltd. boosted its stake in PIMCO Income Strategy Fund II by 52.7% in the 3rd quarter. Pinnacle Associates Ltd. now owns 41,170 shares of the financial services provider’s stock valued at $257,000 after buying an additional 14,200 shares in the last quarter.

PIMCO Income Strategy Fund II Company Profile

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO). The fund’s primary investment objective is to seek high current income, with capital appreciation as a secondary objective.

The fund invests in a diversified portfolio of income-producing fixed-income securities. Its holdings may include corporate bonds, government and sovereign debt, mortgage-related securities, asset-backed securities, floating-rate loans and other credit instruments.