PIMCO Income Strategy Fund II (NYSE:PFN) Shares Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. increased its stake in shares of PIMCO Income Strategy Fund II (NYSE:PFN) by 138.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,608 shares of the financial services provider’s stock after purchasing an additional 61,283 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in PIMCO Income Strategy Fund II were worth $805,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PFN. Choreo LLC purchased a new position in shares of PIMCO Income Strategy Fund II in the 1st quarter valued at about $483,000. Raymond James & Associates grew its holdings in PIMCO Income Strategy Fund II by 2.2% during the 2nd quarter. Raymond James & Associates now owns 288,464 shares of the financial services provider’s stock worth $2,068,000 after acquiring an additional 6,200 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of PIMCO Income Strategy Fund II by 13.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 38,871 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 4,532 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of PIMCO Income Strategy Fund II by 17.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 315,258 shares of the financial services provider’s stock valued at $2,260,000 after purchasing an additional 46,693 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of PIMCO Income Strategy Fund II by 18.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 344,700 shares of the financial services provider’s stock worth $2,472,000 after purchasing an additional 53,480 shares during the last quarter.

PIMCO Income Strategy Fund II Trading Down 0.3 %

Shares of PFN stock opened at $7.50 on Wednesday. The firm has a fifty day moving average price of $7.50 and a 200 day moving average price of $7.33. PIMCO Income Strategy Fund II has a 12 month low of $6.09 and a 12 month high of $7.76.

PIMCO Income Strategy Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 11th will be given a dividend of $0.0718 per share. The ex-dividend date is Friday, October 11th. This represents a $0.86 annualized dividend and a dividend yield of 11.49%.

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.