PIMCO Income Strategy Fund II (NYSE:PFN) Shares Sold by Raymond James & Associates

Raymond James & Associates lessened its stake in shares of PIMCO Income Strategy Fund II (NYSE:PFN) by 2.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 247,602 shares of the financial services provider’s stock after selling 5,216 shares during the period. Raymond James & Associates’ holdings in PIMCO Income Strategy Fund II were worth $1,790,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. CoreCap Advisors LLC increased its stake in shares of PIMCO Income Strategy Fund II by 7.5% during the fourth quarter. CoreCap Advisors LLC now owns 86,305 shares of the financial services provider’s stock valued at $624,000 after acquiring an additional 5,995 shares during the period. Essex Financial Services Inc. acquired a new position in shares of PIMCO Income Strategy Fund II during the third quarter valued at approximately $68,000. Ameriprise Financial Inc. increased its stake in shares of PIMCO Income Strategy Fund II by 3.0% during the third quarter. Ameriprise Financial Inc. now owns 426,687 shares of the financial services provider’s stock valued at $2,801,000 after acquiring an additional 12,600 shares during the period. Consolidated Portfolio Review Corp increased its stake in shares of PIMCO Income Strategy Fund II by 0.8% during the third quarter. Consolidated Portfolio Review Corp now owns 366,405 shares of the financial services provider’s stock valued at $2,415,000 after acquiring an additional 2,805 shares during the period. Finally, Certified Advisory Corp increased its stake in shares of PIMCO Income Strategy Fund II by 3.2% during the third quarter. Certified Advisory Corp now owns 126,989 shares of the financial services provider’s stock valued at $837,000 after acquiring an additional 3,963 shares during the period.

PIMCO Income Strategy Fund II Stock Performance

PIMCO Income Strategy Fund II stock opened at $7.10 on Thursday. PIMCO Income Strategy Fund II has a 1 year low of $5.93 and a 1 year high of $7.58. The firm’s 50 day moving average price is $7.39 and its two-hundred day moving average price is $7.09.

PIMCO Income Strategy Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 11th will be given a $0.0718 dividend. The ex-dividend date is Wednesday, April 10th. This represents a $0.86 annualized dividend and a yield of 12.14%.

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.