Envestnet Asset Management Inc. Purchases 6,273 Shares of PIMCO Income Strategy Fund II (NYSE:PFN)

Envestnet Asset Management Inc. raised its position in PIMCO Income Strategy Fund II (NYSE:PFN) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 370,919 shares of the financial services provider’s stock after acquiring an additional 6,273 shares during the period. Envestnet Asset Management Inc.’s holdings in PIMCO Income Strategy Fund II were worth $2,763,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PFN. Sanctuary Advisors LLC increased its position in shares of PIMCO Income Strategy Fund II by 5.0% during the third quarter. Sanctuary Advisors LLC now owns 41,681 shares of the financial services provider’s stock valued at $312,000 after purchasing an additional 1,971 shares during the period. GPS Wealth Strategies Group LLC lifted its holdings in shares of PIMCO Income Strategy Fund II by 114.2% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 4,069 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 2,169 shares during the period. Atomi Financial Group Inc. boosted its position in shares of PIMCO Income Strategy Fund II by 6.5% during the 4th quarter. Atomi Financial Group Inc. now owns 50,975 shares of the financial services provider’s stock valued at $380,000 after acquiring an additional 3,122 shares in the last quarter. Private Trust Co. NA raised its position in PIMCO Income Strategy Fund II by 2.8% in the fourth quarter. Private Trust Co. NA now owns 186,705 shares of the financial services provider’s stock worth $1,391,000 after purchasing an additional 5,045 shares in the last quarter. Finally, World Investment Advisors bought a new position in PIMCO Income Strategy Fund II during the fourth quarter worth about $80,000.

PIMCO Income Strategy Fund II Trading Up 0.3 %

PFN stock opened at $7.21 on Friday. PIMCO Income Strategy Fund II has a 1-year low of $6.26 and a 1-year high of $7.77. The business’s 50 day moving average is $7.36 and its 200-day moving average is $7.45.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Friday, April 11th will be given a $0.0718 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 11.95%. The ex-dividend date of this dividend is Friday, April 11th.

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.