Avantax Advisory Services Inc. Makes New $87,000 Investment in PIMCO Income Strategy Fund II (NYSE:PFN)

Avantax Advisory Services Inc. bought a new position in shares of PIMCO Income Strategy Fund II (NYSE:PFN) during the 4th quarter, Holdings Channel reports. The fund bought 11,695 shares of the financial services provider’s stock, valued at approximately $87,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its holdings in PIMCO Income Strategy Fund II by 5.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 873,513 shares of the financial services provider’s stock worth $6,508,000 after buying an additional 46,596 shares in the last quarter. Moors & Cabot Inc. lifted its position in shares of PIMCO Income Strategy Fund II by 210.0% during the 4th quarter. Moors & Cabot Inc. now owns 50,576 shares of the financial services provider’s stock valued at $377,000 after acquiring an additional 34,259 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of PIMCO Income Strategy Fund II during the 4th quarter valued at approximately $3,445,000. Noble Wealth Management PBC purchased a new stake in shares of PIMCO Income Strategy Fund II during the 4th quarter worth approximately $2,471,000. Finally, Private Trust Co. NA increased its stake in PIMCO Income Strategy Fund II by 2.8% in the 4th quarter. Private Trust Co. NA now owns 186,705 shares of the financial services provider’s stock valued at $1,391,000 after purchasing an additional 5,045 shares in the last quarter.

PIMCO Income Strategy Fund II Stock Up 0.1 %

Shares of PFN stock opened at $7.54 on Friday. The stock has a fifty day moving average price of $7.53 and a 200 day moving average price of $7.52. PIMCO Income Strategy Fund II has a 1 year low of $6.96 and a 1 year high of $7.77.

PIMCO Income Strategy Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be given a $0.0718 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.86 annualized dividend and a dividend yield of 11.43%.

PIMCO Income Strategy Fund II 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.