Raymond James & Associates Acquires 50,623 Shares of PIMCO Income Strategy Fund II (NYSE:PFN)

Raymond James & Associates raised its holdings in PIMCO Income Strategy Fund II (NYSE:PFN) by 17.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 339,087 shares of the financial services provider’s stock after purchasing an additional 50,623 shares during the period. Raymond James & Associates’ holdings in PIMCO Income Strategy Fund II were worth $2,584,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Main Street Financial Solutions LLC boosted its holdings in PIMCO Income Strategy Fund II by 5.1% in the 2nd quarter. Main Street Financial Solutions LLC now owns 45,902 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 2,232 shares during the period. Cetera Advisors LLC lifted its holdings in shares of PIMCO Income Strategy Fund II by 7.2% during the 1st quarter. Cetera Advisors LLC now owns 41,169 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 2,753 shares during the period. Atomi Financial Group Inc. lifted its holdings in shares of PIMCO Income Strategy Fund II by 8.1% during the 1st quarter. Atomi Financial Group Inc. now owns 42,016 shares of the financial services provider’s stock worth $313,000 after acquiring an additional 3,162 shares during the period. First Foundation Advisors lifted its holdings in shares of PIMCO Income Strategy Fund II by 18.8% during the 2nd quarter. First Foundation Advisors now owns 20,863 shares of the financial services provider’s stock worth $150,000 after acquiring an additional 3,306 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of PIMCO Income Strategy Fund II by 13.2% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 38,871 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 4,532 shares during the period.

PIMCO Income Strategy Fund II Price Performance

Shares of PIMCO Income Strategy Fund II stock opened at $7.51 on Wednesday. The company has a 50 day moving average of $7.52 and a 200-day moving average of $7.35. PIMCO Income Strategy Fund II has a 1-year low of $6.41 and a 1-year high of $7.76.

PIMCO Income Strategy Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.0718 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 11.48%. The ex-dividend date is Tuesday, November 12th.

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.