Gridiron Partners LLC Reduces Holdings in PIMCO Income Strategy Fund II $PFN

Gridiron Partners LLC decreased its position in shares of PIMCO Income Strategy Fund II (NYSE:PFN) by 97.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,907 shares of the financial services provider’s stock after selling 434,399 shares during the period. Gridiron Partners LLC’s holdings in PIMCO Income Strategy Fund II were worth $89,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Comerica Bank boosted its stake in shares of PIMCO Income Strategy Fund II by 45.8% during the 3rd quarter. Comerica Bank now owns 4,375 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 1,375 shares during the period. Choreo LLC raised its position in PIMCO Income Strategy Fund II by 4.1% in the 3rd quarter. Choreo LLC now owns 43,174 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 1,681 shares during the period. Elm3 Financial Group LLC raised its position in PIMCO Income Strategy Fund II by 4.9% in the 3rd quarter. Elm3 Financial Group LLC now owns 42,690 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 2,000 shares during the period. SeaCrest Wealth Management LLC lifted its stake in PIMCO Income Strategy Fund II by 9.0% in the third quarter. SeaCrest Wealth Management LLC now owns 25,714 shares of the financial services provider’s stock worth $196,000 after purchasing an additional 2,120 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in PIMCO Income Strategy Fund II by 3.7% in the third quarter. NewEdge Advisors LLC now owns 78,362 shares of the financial services provider’s stock worth $595,000 after purchasing an additional 2,827 shares during the last quarter.

PIMCO Income Strategy Fund II Stock Performance

Shares of NYSE:PFN opened at $6.66 on Friday. The business has a 50 day simple moving average of $7.29 and a two-hundred day simple moving average of $7.42. PIMCO Income Strategy Fund II has a 1 year low of $6.26 and a 1 year high of $7.67.

PIMCO Income Strategy Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Thursday, March 12th will be issued a dividend of $0.0718 per share. The ex-dividend date is Thursday, March 12th. This represents a c) dividend on an annualized basis and a yield of 12.9%.

PIMCO Income Strategy Fund II Profile

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end management investment company that seeks to provide high current income by investing principally in a diversified portfolio of credit instruments. The fund’s assets are allocated across a range of fixed income sectors, including corporate debt, asset- and mortgage-backed securities, emerging market debt, and other income-producing instruments, both in the U.S. and international markets.

The fund employs a flexible investment approach designed by PIMCO’s portfolio management team, incorporating the use of leverage and derivatives to enhance yield and manage duration risk.