93,690 Shares in PIMCO Income Strategy Fund II $PFN Acquired by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management purchased a new position in PIMCO Income Strategy Fund II (NYSE:PFN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 93,690 shares of the financial services provider’s stock, valued at approximately $703,000.

A number of other hedge funds also recently modified their holdings of PFN. Invesco Ltd. raised its holdings in shares of PIMCO Income Strategy Fund II by 4.2% in the 2nd quarter. Invesco Ltd. now owns 670,454 shares of the financial services provider’s stock worth $4,955,000 after purchasing an additional 27,195 shares during the period. Main Street Financial Solutions LLC raised its holdings in shares of PIMCO Income Strategy Fund II by 12.9% in the 2nd quarter. Main Street Financial Solutions LLC now owns 56,691 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 6,468 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of PIMCO Income Strategy Fund II by 11.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 758,129 shares of the financial services provider’s stock worth $5,603,000 after purchasing an additional 76,379 shares during the period. Bank of America Corp DE raised its holdings in shares of PIMCO Income Strategy Fund II by 13.4% in the 2nd quarter. Bank of America Corp DE now owns 102,299 shares of the financial services provider’s stock worth $756,000 after purchasing an additional 12,105 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of PIMCO Income Strategy Fund II in the 2nd quarter worth approximately $134,000.

PIMCO Income Strategy Fund II Stock Down 0.4%

NYSE:PFN opened at $6.84 on Friday. The firm’s 50 day moving average is $6.94 and its 200 day moving average is $7.24. PIMCO Income Strategy Fund II has a 12 month low of $6.53 and a 12 month high of $7.67.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be issued a $0.0718 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date of this dividend is Monday, May 11th.

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.