PIMCO Income Strategy Fund II $PFN Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. decreased its stake in shares of PIMCO Income Strategy Fund II (NYSE:PFN) by 24.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 230,239 shares of the financial services provider’s stock after selling 74,815 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in PIMCO Income Strategy Fund II were worth $1,701,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Allworth Financial LP grew its stake in shares of PIMCO Income Strategy Fund II by 179.6% during the 2nd quarter. Allworth Financial LP now owns 5,509 shares of the financial services provider’s stock valued at $41,000 after buying an additional 3,539 shares during the period. Arete Wealth Advisors LLC acquired a new position in PIMCO Income Strategy Fund II in the first quarter valued at $76,000. Gridiron Partners LLC acquired a new position in PIMCO Income Strategy Fund II in the second quarter valued at $80,000. Verity Asset Management Inc. purchased a new stake in PIMCO Income Strategy Fund II during the second quarter valued at about $86,000. Finally, CreativeOne Wealth LLC acquired a new stake in PIMCO Income Strategy Fund II during the first quarter worth about $114,000.

PIMCO Income Strategy Fund II Stock Performance

PIMCO Income Strategy Fund II stock opened at $7.44 on Friday. PIMCO Income Strategy Fund II has a 12 month low of $6.26 and a 12 month high of $7.67. The stock’s 50-day moving average is $7.49 and its 200-day moving average is $7.46.

PIMCO Income Strategy Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th will be paid a dividend of $0.0718 per share. This represents a c) annualized dividend and a yield of 11.6%. The ex-dividend date is Thursday, December 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.