Keudell Morrison Wealth Management Purchases New Position in PIMCO Income Strategy Fund II $PFN

Keudell Morrison Wealth Management purchased a new stake in PIMCO Income Strategy Fund II (NYSE:PFN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 93,690 shares of the financial services provider’s stock, valued at approximately $703,000.

Other large investors have also added to or reduced their stakes in the company. Highline Wealth Partners LLC lifted its position in PIMCO Income Strategy Fund II by 1,030.3% in the 4th quarter. Highline Wealth Partners LLC now owns 3,730 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 3,400 shares in the last quarter. Comerica Bank lifted its position in PIMCO Income Strategy Fund II by 45.8% in the 3rd quarter. Comerica Bank now owns 4,375 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 1,375 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of PIMCO Income Strategy Fund II during the 3rd quarter worth approximately $76,000. CreativeOne Wealth LLC bought a new position in shares of PIMCO Income Strategy Fund II during the 3rd quarter worth approximately $84,000. Finally, Integrity Advisory Solutions LLC bought a new position in shares of PIMCO Income Strategy Fund II during the 3rd quarter worth approximately $90,000.

PIMCO Income Strategy Fund II Price Performance

PIMCO Income Strategy Fund II stock opened at $6.84 on Friday. PIMCO Income Strategy Fund II has a 52 week low of $6.53 and a 52 week high of $7.67. The company’s 50 day moving average price is $6.94 and its two-hundred day moving average price is $7.24.

PIMCO Income Strategy Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be given a dividend of $0.0718 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) annualized dividend and a dividend yield of 12.6%.

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.