Raymond James Financial Inc. Acquires Shares of 462,416 PIMCO Income Strategy Fund II (NYSE:PFN)

Raymond James Financial Inc. bought a new position in shares of PIMCO Income Strategy Fund II (NYSE:PFN) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 462,416 shares of the financial services provider’s stock, valued at approximately $3,445,000.

Other large investors have also made changes to their positions in the company. Thrivent Financial for Lutherans purchased a new stake in PIMCO Income Strategy Fund II in the 3rd quarter worth $572,000. Rockefeller Capital Management L.P. purchased a new stake in shares of PIMCO Income Strategy Fund II during the third quarter worth about $440,000. Rivernorth Capital Management LLC raised its position in shares of PIMCO Income Strategy Fund II by 24.4% during the 3rd quarter. Rivernorth Capital Management LLC now owns 2,623,307 shares of the financial services provider’s stock worth $19,990,000 after purchasing an additional 513,824 shares during the last quarter. Stifel Financial Corp raised its position in shares of PIMCO Income Strategy Fund II by 23.2% during the 3rd quarter. Stifel Financial Corp now owns 94,524 shares of the financial services provider’s stock worth $720,000 after purchasing an additional 17,773 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in PIMCO Income Strategy Fund II by 5.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 41,681 shares of the financial services provider’s stock valued at $312,000 after buying an additional 1,971 shares in the last quarter.

PIMCO Income Strategy Fund II Trading Up 0.1 %

PFN stock opened at $7.54 on Friday. The business’s 50-day moving average is $7.53 and its 200 day moving average is $7.52. PIMCO Income Strategy Fund II has a 12-month low of $6.96 and a 12-month high of $7.77.

PIMCO Income Strategy Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be given a dividend of $0.0718 per share. This represents a $0.86 annualized dividend and a dividend yield of 11.43%. The ex-dividend date of this dividend is Thursday, March 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.