J.W. Cole Advisors Inc. Acquires 19,836 Shares of PIMCO Income Strategy Fund II (NYSE:PFN)

J.W. Cole Advisors Inc. lifted its holdings in shares of PIMCO Income Strategy Fund II (NYSE:PFN) by 81.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,325 shares of the financial services provider’s stock after purchasing an additional 19,836 shares during the period. J.W. Cole Advisors Inc.’s holdings in PIMCO Income Strategy Fund II were worth $318,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Main Street Financial Solutions LLC raised its stake in shares of PIMCO Income Strategy Fund II by 5.1% during the 2nd quarter. Main Street Financial Solutions LLC now owns 45,902 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 2,232 shares during the period. Cetera Advisors LLC raised its stake in shares of PIMCO Income Strategy Fund II by 7.2% during the 1st quarter. Cetera Advisors LLC now owns 41,169 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 2,753 shares during the period. Advisory Services Network LLC raised its stake in shares of PIMCO Income Strategy Fund II by 8.5% during the 4th quarter. Advisory Services Network LLC now owns 39,031 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 3,066 shares during the period. Atomi Financial Group Inc. raised its stake in shares of PIMCO Income Strategy Fund II by 8.1% during the 1st quarter. Atomi Financial Group Inc. now owns 42,016 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 3,162 shares during the period. Finally, First Foundation Advisors raised its stake in PIMCO Income Strategy Fund II by 18.8% in the 2nd quarter. First Foundation Advisors now owns 20,863 shares of the financial services provider’s stock valued at $150,000 after acquiring an additional 3,306 shares during the period.

PIMCO Income Strategy Fund II Stock Performance

Shares of PIMCO Income Strategy Fund II stock opened at $7.44 on Thursday. PIMCO Income Strategy Fund II has a 52-week low of $5.93 and a 52-week high of $7.58. The stock’s 50-day simple moving average is $7.27 and its 200 day simple moving average is $7.30.

PIMCO Income Strategy Fund II Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be paid a $0.0718 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 11.59%. The ex-dividend date of this dividend is Friday, September 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.