Thrivent Financial for Lutherans Takes Position in PIMCO Income Strategy Fund II (NYSE:PFN)

Thrivent Financial for Lutherans bought a new stake in PIMCO Income Strategy Fund II (NYSE:PFN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 75,000 shares of the financial services provider’s stock, valued at approximately $572,000.

A number of other institutional investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of PIMCO Income Strategy Fund II by 4.7% in the second quarter. EverSource Wealth Advisors LLC now owns 798,490 shares of the financial services provider’s stock valued at $5,773,000 after purchasing an additional 36,192 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of PIMCO Income Strategy Fund II by 3.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 489,643 shares of the financial services provider’s stock valued at $3,511,000 after buying an additional 15,590 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of PIMCO Income Strategy Fund II by 18.4% in the second quarter. Commonwealth Equity Services LLC now owns 344,700 shares of the financial services provider’s stock valued at $2,472,000 after buying an additional 53,480 shares in the last quarter. Raymond James & Associates boosted its stake in shares of PIMCO Income Strategy Fund II by 17.5% in the third quarter. Raymond James & Associates now owns 339,087 shares of the financial services provider’s stock valued at $2,584,000 after buying an additional 50,623 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of PIMCO Income Strategy Fund II by 17.4% in the second quarter. Envestnet Asset Management Inc. now owns 315,258 shares of the financial services provider’s stock valued at $2,260,000 after buying an additional 46,693 shares in the last quarter.

PIMCO Income Strategy Fund II Stock Performance

PIMCO Income Strategy Fund II stock opened at $7.54 on Thursday. PIMCO Income Strategy Fund II has a 1-year low of $6.86 and a 1-year high of $7.76. The stock’s 50 day moving average price is $7.55 and its 200 day moving average price is $7.37.

PIMCO Income Strategy Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 12th will be paid a $0.0718 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 11.43%.

PIMCO Income Strategy Fund II Company 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.