LPL Financial LLC Has $8.26 Million Stake in PIMCO Income Strategy Fund II (NYSE:PFN)

LPL Financial LLC reduced its position in PIMCO Income Strategy Fund II (NYSE:PFN) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,109,166 shares of the financial services provider’s stock after selling 18,235 shares during the quarter. LPL Financial LLC’s holdings in PIMCO Income Strategy Fund II were worth $8,263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stifel Financial Corp lifted 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 buying an additional 17,773 shares during the last quarter. Avantax Advisory Services Inc. bought a new position in shares of PIMCO Income Strategy Fund II in the fourth quarter worth about $87,000. Stratos Wealth Partners LTD. boosted its stake in shares of PIMCO Income Strategy Fund II by 22.1% in the 4th quarter. Stratos Wealth Partners LTD. now owns 124,667 shares of the financial services provider’s stock valued at $929,000 after purchasing an additional 22,597 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of PIMCO Income Strategy Fund II by 32.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 99,000 shares of the financial services provider’s stock valued at $737,000 after purchasing an additional 24,000 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of PIMCO Income Strategy Fund II during the 4th quarter valued at approximately $3,445,000.

PIMCO Income Strategy Fund II Price Performance

Shares of NYSE:PFN opened at $7.09 on Friday. PIMCO Income Strategy Fund II has a one year low of $6.96 and a one year high of $7.77. The firm has a 50 day simple moving average of $7.53 and a 200 day simple moving average of $7.52.

PIMCO Income Strategy Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be paid a $0.0718 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 12.16%. The ex-dividend date is Friday, April 11th.

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.