PIMCO Income Strategy Fund II (NYSE:PFN) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

PIMCO Income Strategy Fund II (NYSE:PFN) shares passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $6.38 and traded as high as $6.47. PIMCO Income Strategy Fund II shares last traded at $6.4550, with a volume of 558,513 shares traded.

PIMCO Income Strategy Fund II Stock Down 0.9%

The business’s 50 day moving average is $6.36 and its 200-day moving average is $6.88.

PIMCO Income Strategy Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be given a $0.0718 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 13.7%.

Institutional Trading of PIMCO Income Strategy Fund II

Institutional investors have recently made changes to their positions in the business. Western Wealth Management LLC acquired a new stake in shares of PIMCO Income Strategy Fund II during the first quarter worth approximately $28,000. Allworth Financial LP acquired a new position in shares of PIMCO Income Strategy Fund II in the 2nd quarter worth approximately $41,000. Fifth Third Bancorp bought a new stake in PIMCO Income Strategy Fund II during the 1st quarter worth approximately $53,000. First Bank & Trust bought a new stake in PIMCO Income Strategy Fund II during the 3rd quarter worth approximately $87,000. Finally, Wedbush Securities Inc. increased its holdings in 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 valued at $99,000 after purchasing an additional 2,100 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.