PIMCO Income Strategy Fund II (NYSE:PFN) Shares Bought by Moors & Cabot Inc.

Moors & Cabot Inc. grew its stake in PIMCO Income Strategy Fund II (NYSE:PFN) by 210.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 50,576 shares of the financial services provider’s stock after buying an additional 34,259 shares during the quarter. Moors & Cabot Inc.’s holdings in PIMCO Income Strategy Fund II were worth $377,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in PFN. Stifel Financial Corp lifted its stake in PIMCO Income Strategy Fund II by 23.2% in the third quarter. Stifel Financial Corp now owns 94,524 shares of the financial services provider’s stock worth $720,000 after acquiring an additional 17,773 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of PIMCO Income Strategy Fund II by 22.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 124,667 shares of the financial services provider’s stock worth $929,000 after purchasing an additional 22,597 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of PIMCO Income Strategy Fund II by 46.7% during 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 purchasing an additional 49,350 shares during the last quarter. Atomi Financial Group Inc. grew its stake in shares of PIMCO Income Strategy Fund II by 6.5% during the fourth quarter. Atomi Financial Group Inc. now owns 50,975 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 3,122 shares in the last quarter. Finally, Element Wealth LLC purchased a new position in PIMCO Income Strategy Fund II in the fourth quarter valued at $159,000.

PIMCO Income Strategy Fund II Stock Performance

PIMCO Income Strategy Fund II stock opened at $7.45 on Friday. The stock’s fifty day moving average is $7.52 and its two-hundred day moving average is $7.51. PIMCO Income Strategy Fund II has a 1-year low of $6.96 and a 1-year high of $7.77.

PIMCO Income Strategy Fund II Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 11.57%. The ex-dividend date 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.