Truist Financial Corp Sells 16,925 Shares of PIMCO Income Strategy Fund II (NYSE:PFN)

Truist Financial Corp trimmed its stake in PIMCO Income Strategy Fund II (NYSE:PFN) by 58.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,870 shares of the financial services provider’s stock after selling 16,925 shares during the period. Truist Financial Corp’s holdings in PIMCO Income Strategy Fund II were worth $88,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Main Street Financial Solutions LLC lifted its stake in shares of PIMCO Income Strategy Fund II by 3.0% during the 3rd quarter. Main Street Financial Solutions LLC now owns 47,257 shares of the financial services provider’s stock worth $360,000 after acquiring an additional 1,355 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of PIMCO Income Strategy Fund II by 5.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 41,681 shares of the financial services provider’s stock worth $312,000 after acquiring an additional 1,971 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its stake in shares of PIMCO Income Strategy Fund II by 114.2% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 4,069 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 2,169 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in shares of PIMCO Income Strategy Fund II by 6.5% during the 4th quarter. Atomi Financial Group Inc. now owns 50,975 shares of the financial services provider’s stock worth $380,000 after acquiring an additional 3,122 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of PIMCO Income Strategy Fund II by 662.0% during the 3rd quarter. International Assets Investment Management LLC now owns 7,620 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 6,620 shares during the last quarter.

PIMCO Income Strategy Fund II Price Performance

Shares of PFN stock opened at $7.58 on Friday. PIMCO Income Strategy Fund II has a 52-week low of $6.96 and a 52-week high of $7.77. The stock has a 50 day moving average price of $7.51 and a 200 day moving average price of $7.50.

PIMCO Income Strategy Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be paid 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 of this dividend is Thursday, March 13th.

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.