US Bancorp DE Grows Position in PIMCO Income Strategy Fund II (NYSE:PFN)

US Bancorp DE boosted its stake in shares of PIMCO Income Strategy Fund II (NYSE:PFN) by 834.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,698 shares of the financial services provider’s stock after buying an additional 16,698 shares during the quarter. US Bancorp DE’s holdings in PIMCO Income Strategy Fund II were worth $141,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PFN. Raymond James Financial Inc. bought a new stake in PIMCO Income Strategy Fund II during the 4th quarter valued at about $3,445,000. J.W. Cole Advisors Inc. raised its stake in shares of PIMCO Income Strategy Fund II by 60.0% during the 1st quarter. J.W. Cole Advisors Inc. now owns 247,918 shares of the financial services provider’s stock worth $1,869,000 after acquiring an additional 92,960 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of PIMCO Income Strategy Fund II by 33.1% during the 4th quarter. Wells Fargo & Company MN now owns 277,813 shares of the financial services provider’s stock worth $2,070,000 after acquiring an additional 69,087 shares in the last quarter. Invesco Ltd. raised its stake in shares of PIMCO Income Strategy Fund II by 5.4% during the 4th quarter. Invesco Ltd. now owns 639,707 shares of the financial services provider’s stock worth $4,766,000 after acquiring an additional 32,872 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of PIMCO Income Strategy Fund II by 2.7% during the 1st quarter. LPL Financial LLC now owns 1,138,700 shares of the financial services provider’s stock worth $8,586,000 after acquiring an additional 29,534 shares in the last quarter.

PIMCO Income Strategy Fund II Trading Down 0.3%

NYSE PFN opened at $7.50 on Friday. The company has a 50 day moving average price of $7.43 and a 200 day moving average price of $7.38. PIMCO Income Strategy Fund II has a 52 week low of $6.26 and a 52 week high of $7.76.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be given a dividend of $0.0718 per share. This represents a c) annualized dividend and a yield of 11.5%. The ex-dividend date of this dividend is Monday, August 11th.

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.