PIMCO Income Strategy Fund II (NYSE:PFN) Declares Monthly Dividend of $0.07

PIMCO Income Strategy Fund II (NYSE:PFN) announced a monthly dividend on Monday, June 1st. Investors of record on Thursday, June 11th will be paid a dividend of 0.0718 per share by the financial services provider on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date is Thursday, June 11th.

PIMCO Income Strategy Fund II Price Performance

Shares of PIMCO Income Strategy Fund II stock opened at $6.95 on Tuesday. The business’s 50 day simple moving average is $6.94 and its 200 day simple moving average is $7.21. PIMCO Income Strategy Fund II has a 52-week low of $6.53 and a 52-week high of $7.67.

Institutional Investors Weigh In On PIMCO Income Strategy Fund II

Hedge funds and other institutional investors have recently bought and sold shares of the company. Highline Wealth Partners LLC raised its position in PIMCO Income Strategy Fund II by 1,030.3% in the 4th quarter. Highline Wealth Partners LLC now owns 3,730 shares of the financial services provider’s stock valued at $28,000 after buying an additional 3,400 shares during the last quarter. Western Wealth Management LLC acquired a new stake in PIMCO Income Strategy Fund II in the 1st quarter valued at approximately $28,000. Comerica Bank raised its position in PIMCO Income Strategy Fund II by 45.8% in the 3rd quarter. Comerica Bank now owns 4,375 shares of the financial services provider’s stock valued at $33,000 after buying an additional 1,375 shares during the last quarter. Fifth Third Bancorp acquired a new stake in PIMCO Income Strategy Fund II in the 1st quarter valued at approximately $53,000. Finally, Advisory Services Network LLC acquired a new stake in PIMCO Income Strategy Fund II in the 3rd quarter valued at approximately $76,000.

About PIMCO Income Strategy Fund II

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.