Raymond James & Associates Raises Stock Position in PIMCO Income Strategy Fund II (NYSE:PFN)

Raymond James & Associates boosted its position in shares of PIMCO Income Strategy Fund II (NYSE:PFN) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,464 shares of the financial services provider’s stock after purchasing an additional 6,200 shares during the period. Raymond James & Associates’ holdings in PIMCO Income Strategy Fund II were worth $2,068,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Keudell Morrison Wealth Management purchased a new position in PIMCO Income Strategy Fund II during the second quarter worth about $134,000. EverSource Wealth Advisors LLC raised its stake in PIMCO Income Strategy Fund II by 5.2% during the first quarter. EverSource Wealth Advisors LLC now owns 762,298 shares of the financial services provider’s stock worth $5,565,000 after purchasing an additional 37,839 shares during the period. Cetera Advisors LLC raised its stake in PIMCO Income Strategy Fund II by 7.2% during the first 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. B. Riley Wealth Advisors Inc. raised its stake in PIMCO Income Strategy Fund II by 13.2% during the first quarter. B. Riley Wealth Advisors Inc. now owns 38,871 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 4,532 shares during the period. Finally, Atomi Financial Group Inc. raised its stake in PIMCO Income Strategy Fund II by 8.1% during the first 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.

PIMCO Income Strategy Fund II Stock Down 0.1 %

Shares of PFN stock opened at $7.36 on Tuesday. The firm’s 50-day moving average is $7.21 and its two-hundred day moving average is $7.30. PIMCO Income Strategy Fund II has a 12 month low of $5.93 and a 12 month high of $7.58.

PIMCO Income Strategy Fund II Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th will be paid a $0.072 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 11.74%. This is an increase from PIMCO Income Strategy Fund II’s previous monthly dividend of $0.07. The ex-dividend date is Monday, August 12th.

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.