Independent Financial Group LLC Makes New Investment in PIMCO Income Strategy Fund II $PFN

Independent Financial Group LLC acquired a new stake in shares of PIMCO Income Strategy Fund II (NYSE:PFN) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 72,433 shares of the financial services provider’s stock, valued at approximately $499,000.

Several other hedge funds also recently made changes to their positions in the business. Highline Wealth Partners LLC raised its holdings in shares of PIMCO Income Strategy Fund II by 1,030.3% in the 4th quarter. Highline Wealth Partners LLC now owns 3,730 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 3,400 shares in the last quarter. Comerica Bank increased its holdings in shares of PIMCO Income Strategy Fund II by 45.8% in the third quarter. Comerica Bank now owns 4,375 shares of the financial services provider’s stock valued at $33,000 after buying an additional 1,375 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of PIMCO Income Strategy Fund II during the 1st quarter worth $53,000. Advisory Services Network LLC acquired a new position in shares of PIMCO Income Strategy Fund II in the 3rd quarter worth $76,000. Finally, CreativeOne Wealth LLC acquired a new stake in shares of PIMCO Income Strategy Fund II during the third quarter worth $84,000.

PIMCO Income Strategy Fund II Stock Down 0.8%

Shares of NYSE PFN opened at $7.00 on Friday. PIMCO Income Strategy Fund II has a 12 month low of $6.53 and a 12 month high of $7.67. The business has a fifty day simple moving average of $6.96 and a 200-day simple moving average of $7.09.

PIMCO Income Strategy Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be paid a dividend of $0.0718 per share. The ex-dividend date of this dividend is Monday, July 13th. This represents a c) dividend on an annualized basis and a yield of 12.3%.

PIMCO Income Strategy Fund II Company 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.