PIMCO Income Strategy Fund II (NYSE:PFN) Shares Bought by Moors & Cabot Inc.

Moors & Cabot Inc. lifted its position in shares of PIMCO Income Strategy Fund II (NYSE:PFN) by 210.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,576 shares of the financial services provider’s stock after purchasing an additional 34,259 shares during the period. Moors & Cabot Inc.’s holdings in PIMCO Income Strategy Fund II were worth $377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Stifel Financial Corp increased its position in PIMCO Income Strategy Fund II by 23.2% during the third quarter. Stifel Financial Corp now owns 94,524 shares of the financial services provider’s stock worth $720,000 after buying an additional 17,773 shares during the period. Stratos Wealth Partners LTD. grew its position in shares of PIMCO Income Strategy Fund II by 22.1% during the fourth quarter. Stratos Wealth Partners LTD. now owns 124,667 shares of the financial services provider’s stock worth $929,000 after acquiring an additional 22,597 shares during the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of PIMCO Income Strategy Fund II by 46.7% in the 4th quarter. J.W. Cole Advisors Inc. now owns 154,958 shares of the financial services provider’s stock valued at $1,154,000 after acquiring an additional 49,350 shares during the period. Atomi Financial Group Inc. raised its position in PIMCO Income Strategy Fund II by 6.5% in the 4th quarter. Atomi Financial Group Inc. now owns 50,975 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 3,122 shares during the last quarter. Finally, Element Wealth LLC acquired a new stake in PIMCO Income Strategy Fund II during the 4th quarter worth $159,000.

PIMCO Income Strategy Fund II Stock Performance

NYSE PFN opened at $7.45 on Friday. PIMCO Income Strategy Fund II has a one year low of $6.96 and a one year high of $7.77. The firm’s fifty day moving average is $7.52 and its two-hundred day moving average is $7.51.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.0718 per share. This represents a $0.86 annualized dividend and a yield of 11.57%. The ex-dividend date of this dividend is Thursday, March 13th.

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.