Raymond James & Associates Trims Stake in PIMCO Income Strategy Fund II (NYSE:PFN)

Raymond James & Associates lowered its stake in PIMCO Income Strategy Fund II (NYSE:PFN) by 2.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 247,602 shares of the financial services provider’s stock after selling 5,216 shares during the quarter. Raymond James & Associates’ holdings in PIMCO Income Strategy Fund II were worth $1,790,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of PIMCO Income Strategy Fund II by 0.6% during the 3rd quarter. Royal Bank of Canada now owns 257,803 shares of the financial services provider’s stock worth $1,781,000 after purchasing an additional 1,469 shares during the period. Cetera Investment Advisers raised its position in shares of PIMCO Income Strategy Fund II by 10.6% in the 1st quarter. Cetera Investment Advisers now owns 15,455 shares of the financial services provider’s stock worth $134,000 after buying an additional 1,478 shares during the period. Envestnet Asset Management Inc. raised its position in shares of PIMCO Income Strategy Fund II by 15.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 20,004 shares of the financial services provider’s stock worth $174,000 after buying an additional 2,748 shares during the period. Consolidated Portfolio Review Corp raised its position in shares of PIMCO Income Strategy Fund II by 0.8% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 366,405 shares of the financial services provider’s stock worth $2,415,000 after buying an additional 2,805 shares during the period. Finally, Certified Advisory Corp raised its position in shares of PIMCO Income Strategy Fund II by 3.2% in the 3rd quarter. Certified Advisory Corp now owns 126,989 shares of the financial services provider’s stock worth $837,000 after buying an additional 3,963 shares during the period.

PIMCO Income Strategy Fund II Stock Up 0.3 %

Shares of PFN opened at $7.10 on Thursday. The stock’s fifty day simple moving average is $7.39 and its 200 day simple moving average is $7.09. PIMCO Income Strategy Fund II has a twelve month low of $5.93 and a twelve month high of $7.58.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, April 11th will be issued a $0.0718 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $0.86 annualized dividend and a yield of 12.14%.

PIMCO Income Strategy Fund II Company Profile

PIMCO Income Strategy Fund II is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in the fixed income markets of the United States. It invests in securities of companies operating across the diversified sectors.