PIMCO Income Strategy Fund II (PFN) To Go Ex-Dividend on May 11th

PIMCO Income Strategy Fund II (NYSE:PFN) announced a monthly dividend on Friday, May 1st. Shareholders of record on Monday, May 11th will be given a dividend of 0.0718 per share by the financial services provider on Monday, June 1st. This represents a c) annualized dividend and a yield of 12.1%. The ex-dividend date of this dividend is Monday, May 11th.

PIMCO Income Strategy Fund II Stock Down 1.0%

PIMCO Income Strategy Fund II stock traded down $0.08 during trading hours on Friday, hitting $7.10. The stock had a trading volume of 805,973 shares, compared to its average volume of 493,716. PIMCO Income Strategy Fund II has a 1-year low of $6.53 and a 1-year high of $7.67. The stock’s fifty day moving average is $7.00 and its two-hundred day moving average is $7.28.

Institutional Trading of PIMCO Income Strategy Fund II

Several large investors have recently bought and sold shares of the company. Concurrent Investment Advisors LLC purchased a new stake in PIMCO Income Strategy Fund II during the 4th quarter worth about $2,340,000. Simplicity Wealth LLC acquired a new position in PIMCO Income Strategy Fund II in the 4th quarter valued at about $603,000. Shaker Financial Services LLC acquired a new position in PIMCO Income Strategy Fund II in the 4th quarter valued at about $794,000. CoreCap Advisors LLC raised its stake in PIMCO Income Strategy Fund II by 1.6% in the 4th quarter. CoreCap Advisors LLC now owns 244,065 shares of the financial services provider’s stock valued at $1,830,000 after purchasing an additional 3,775 shares during the last quarter. Finally, Centaurus Financial Inc. raised its stake in PIMCO Income Strategy Fund II by 4.9% in the 3rd quarter. Centaurus Financial Inc. now owns 374,078 shares of the financial services provider’s stock valued at $2,839,000 after purchasing an additional 17,478 shares during the last quarter.

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.