Raymond James Financial Services Advisors Inc. Increases Stock Position in PIMCO Income Strategy Fund II (NYSE:PFN)

Raymond James Financial Services Advisors Inc. boosted its stake in PIMCO Income Strategy Fund II (NYSE:PFN) by 152.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,084 shares of the financial services provider’s stock after acquiring an additional 22,995 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in PIMCO Income Strategy Fund II were worth $275,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Essex Financial Services Inc. bought a new stake in PIMCO Income Strategy Fund II in the third quarter valued at $68,000. Bryn Mawr Capital Management LLC bought a new stake in PIMCO Income Strategy Fund II in the third quarter valued at $72,000. Great Valley Advisor Group Inc. bought a new stake in PIMCO Income Strategy Fund II in the third quarter valued at $83,000. Landscape Capital Management L.L.C. bought a new stake in PIMCO Income Strategy Fund II in the third quarter valued at $89,000. Finally, Moors & Cabot Inc. boosted its holdings in shares of PIMCO Income Strategy Fund II by 113.2% during the 3rd quarter. Moors & Cabot Inc. now owns 23,169 shares of the financial services provider’s stock valued at $153,000 after buying an additional 12,300 shares in the last quarter.

PIMCO Income Strategy Fund II Stock Performance

Shares of PFN stock opened at $7.24 on Tuesday. PIMCO Income Strategy Fund II has a 12 month low of $5.93 and a 12 month high of $7.58. The company’s fifty day moving average price is $7.38 and its 200-day moving average price is $7.10.

PIMCO Income Strategy Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Thursday, April 11th will be issued a dividend of $0.0718 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 11.90%. The ex-dividend date of this dividend is Wednesday, April 10th.

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.