Truist Financial Corp Has $490,000 Stock Position in PIMCO Income Strategy Fund II (NYSE:PFN)

Truist Financial Corp increased its position in shares of PIMCO Income Strategy Fund II (NYSE:PFN) by 12.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 68,273 shares of the financial services provider’s stock after buying an additional 7,513 shares during the quarter. Truist Financial Corp’s holdings in PIMCO Income Strategy Fund II were worth $490,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in PIMCO Income Strategy Fund II by 4.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 798,490 shares of the financial services provider’s stock worth $5,773,000 after buying an additional 36,192 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in PIMCO Income Strategy Fund II by 3.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 489,643 shares of the financial services provider’s stock worth $3,511,000 after buying an additional 15,590 shares during the period. Commonwealth Equity Services LLC raised its stake in PIMCO Income Strategy Fund II by 18.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 344,700 shares of the financial services provider’s stock worth $2,472,000 after buying an additional 53,480 shares during the period. Envestnet Asset Management Inc. raised its stake in PIMCO Income Strategy Fund II by 17.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 315,258 shares of the financial services provider’s stock worth $2,260,000 after buying an additional 46,693 shares during the period. Finally, Raymond James & Associates raised its stake in PIMCO Income Strategy Fund II by 2.2% during the 2nd quarter. Raymond James & Associates now owns 288,464 shares of the financial services provider’s stock worth $2,068,000 after buying an additional 6,200 shares during the period.

PIMCO Income Strategy Fund II Price Performance

PFN stock opened at $7.55 on Thursday. The stock’s 50 day simple moving average is $7.45 and its 200 day simple moving average is $7.33. PIMCO Income Strategy Fund II has a fifty-two week low of $5.93 and a fifty-two week high of $7.76.

PIMCO Income Strategy Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 11th will be paid a $0.0718 dividend. This represents a $0.86 annualized dividend and a dividend yield of 11.41%. The ex-dividend date is Friday, October 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.