PIMCO Income Strategy Fund II (PFN) To Go Ex-Dividend on August 13th

PIMCO Income Strategy Fund II (NYSE:PFN) declared a monthly dividend on Monday, August 3rd. Investors of record on Thursday, August 13th will be given a dividend of 0.0718 per share by the financial services provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 12.2%. The ex-dividend date is Thursday, August 13th.

PIMCO Income Strategy Fund II Price Performance

PIMCO Income Strategy Fund II stock opened at $7.08 on Wednesday. PIMCO Income Strategy Fund II has a fifty-two week low of $6.53 and a fifty-two week high of $7.67. The firm has a fifty day moving average price of $6.99 and a two-hundred day moving average price of $7.07.

Institutional Trading of PIMCO Income Strategy Fund II

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Western Wealth Management LLC bought a new position in shares of PIMCO Income Strategy Fund II during the 1st quarter worth about $28,000. Comerica Bank grew its position in PIMCO Income Strategy Fund II by 45.8% during the third quarter. Comerica Bank now owns 4,375 shares of the financial services provider’s stock worth $33,000 after buying an additional 1,375 shares in the last quarter. Fifth Third Bancorp acquired a new stake in PIMCO Income Strategy Fund II during the first quarter worth about $53,000. Advisory Services Network LLC bought a new position in PIMCO Income Strategy Fund II during the third quarter valued at about $76,000. Finally, CreativeOne Wealth LLC bought a new position in PIMCO Income Strategy Fund II during the third quarter valued at about $84,000.

PIMCO Income Strategy Fund II Company Profile

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end management investment company that seeks to provide high current income by investing principally in a diversified portfolio of credit instruments. The fund’s assets are allocated across a range of fixed income sectors, including corporate debt, asset- and mortgage-backed securities, emerging market debt, and other income-producing instruments, both in the U.S. and international markets.

The fund employs a flexible investment approach designed by PIMCO’s portfolio management team, incorporating the use of leverage and derivatives to enhance yield and manage duration risk.