Financial Alternatives Inc Trims Holdings in PIMCO Income Strategy Fund II (NYSE:PFN)

Financial Alternatives Inc cut its holdings in PIMCO Income Strategy Fund II (NYSE:PFN) by 13.1% during the first quarter, Holdings Channel reports. The institutional investor owned 17,866 shares of the financial services provider’s stock after selling 2,689 shares during the quarter. Financial Alternatives Inc’s holdings in PIMCO Income Strategy Fund II were worth $135,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Putney Financial Group LLC purchased a new stake in PIMCO Income Strategy Fund II during the 4th quarter valued at about $40,000. Ameriflex Group Inc. purchased a new stake in PIMCO Income Strategy Fund II during the 4th quarter valued at about $57,000. Focus Partners Wealth purchased a new stake in PIMCO Income Strategy Fund II during the 4th quarter valued at about $78,000. World Investment Advisors purchased a new stake in PIMCO Income Strategy Fund II during the 4th quarter valued at about $80,000. Finally, Avantax Advisory Services Inc. purchased a new stake in PIMCO Income Strategy Fund II during the 4th quarter valued at about $87,000.

PIMCO Income Strategy Fund II Stock Performance

PFN opened at $7.39 on Wednesday. The company’s 50-day simple moving average is $7.31 and its two-hundred day simple moving average is $7.37. PIMCO Income Strategy Fund II has a 52-week low of $6.26 and a 52-week high of $7.77.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 11th will be paid a dividend of $0.0718 per share. This represents a $0.86 annualized dividend and a yield of 11.66%. The ex-dividend date of this dividend is Friday, July 11th.

About PIMCO Income Strategy Fund II

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.