Concurrent Investment Advisors LLC Purchases New Shares in PIMCO Income Strategy Fund II $PFN

Concurrent Investment Advisors LLC purchased a new stake in PIMCO Income Strategy Fund II (NYSE:PFN) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 311,998 shares of the financial services provider’s stock, valued at approximately $2,340,000.

A number of other institutional investors have also made changes to their positions in PFN. Highline Wealth Partners LLC raised its holdings in PIMCO Income Strategy Fund II by 1,030.3% during the 4th quarter. Highline Wealth Partners LLC now owns 3,730 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 3,400 shares during the last quarter. Comerica Bank raised its holdings in 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 last quarter. Advisory Services Network LLC bought a new stake in PIMCO Income Strategy Fund II during the 3rd quarter worth about $76,000. CreativeOne Wealth LLC bought a new stake in PIMCO Income Strategy Fund II during the 3rd quarter worth about $84,000. Finally, Integrity Advisory Solutions LLC bought a new stake in PIMCO Income Strategy Fund II during the 3rd quarter worth about $90,000.

PIMCO Income Strategy Fund II Price Performance

Shares of NYSE:PFN opened at $7.11 on Wednesday. PIMCO Income Strategy Fund II has a 1-year low of $6.53 and a 1-year high of $7.67. The business has a 50-day moving average price of $7.02 and a two-hundred day moving average price of $7.29.

PIMCO Income Strategy Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 1st. Investors of record on Monday, April 13th will be paid a dividend of $0.0718 per share. This represents a c) dividend on an annualized basis and a yield of 12.1%. The ex-dividend date of this dividend is Monday, April 13th.

About PIMCO Income Strategy Fund II

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.