PIMCO Income Strategy Fund II (NYSE:PFN) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lessened its position in PIMCO Income Strategy Fund II (NYSE:PFN) by 37.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,728 shares of the financial services provider’s stock after selling 10,683 shares during the quarter. D.A. Davidson & CO.’s holdings in PIMCO Income Strategy Fund II were worth $132,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PFN. J.W. Cole Advisors Inc. increased its stake in shares of PIMCO Income Strategy Fund II by 46.7% in the 4th quarter. J.W. Cole Advisors Inc. now owns 154,958 shares of the financial services provider’s stock worth $1,154,000 after acquiring an additional 49,350 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of PIMCO Income Strategy Fund II in the fourth quarter valued at about $201,000. Apollon Wealth Management LLC increased its position in PIMCO Income Strategy Fund II by 57.5% during the fourth quarter. Apollon Wealth Management LLC now owns 74,249 shares of the financial services provider’s stock worth $553,000 after purchasing an additional 27,092 shares during the last quarter. Consolidated Portfolio Review Corp raised its stake in PIMCO Income Strategy Fund II by 3.6% during the fourth quarter. Consolidated Portfolio Review Corp now owns 362,485 shares of the financial services provider’s stock worth $2,701,000 after purchasing an additional 12,749 shares during the period. Finally, Elm3 Financial Group LLC purchased a new position in PIMCO Income Strategy Fund II during the fourth quarter worth about $288,000.

PIMCO Income Strategy Fund II Stock Up 0.1 %

PFN stock opened at $7.58 on Friday. PIMCO Income Strategy Fund II has a one year low of $6.96 and a one year high of $7.76. The firm’s 50 day moving average price is $7.49 and its 200-day moving average price is $7.49.

PIMCO Income Strategy Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be given a dividend of $0.0718 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 11.37%. The ex-dividend date is Thursday, February 13th.

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.