PIMCO Income Strategy Fund II (NYSE:PFN – Get Free Report) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Tuesday, October 13th will be given a dividend of $0.0718 per share by the financial services provider on Monday, November 2nd. This represents a $0.86 dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date is Tuesday, October 13th.
PIMCO Income Strategy Fund II Stock Performance
PFN stock opened at $6.29 on Friday. PIMCO Income Strategy Fund II has a twelve month low of $6.15 and a twelve month high of $7.65. The stock’s 50 day moving average is $6.82 and its 200-day moving average is $6.91.
Hedge Funds Weigh In On PIMCO Income Strategy Fund II
Several large investors have recently bought and sold shares of the stock. Rivernorth Capital Management LLC grew its stake in shares of PIMCO Income Strategy Fund II by 4.3% in the 1st quarter. Rivernorth Capital Management LLC now owns 838,080 shares of the financial services provider’s stock worth $5,774,000 after acquiring an additional 34,573 shares in the last quarter. Bank of America Corp DE boosted its holdings in PIMCO Income Strategy Fund II by 243.4% during the first quarter. Bank of America Corp DE now owns 400,642 shares of the financial services provider’s stock worth $2,760,000 after purchasing an additional 283,970 shares during the last quarter. Royal Bank of Canada grew its position in PIMCO Income Strategy Fund II by 404.2% in the 1st quarter. Royal Bank of Canada now owns 378,002 shares of the financial services provider’s stock worth $2,605,000 after purchasing an additional 303,031 shares in the last quarter. Susquehanna International Group LLP increased its stake in PIMCO Income Strategy Fund II by 760.8% in the 2nd quarter. Susquehanna International Group LLP now owns 223,785 shares of the financial services provider’s stock valued at $1,596,000 after buying an additional 197,789 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of PIMCO Income Strategy Fund II by 4.8% during the 1st quarter. Cetera Investment Advisers now owns 198,548 shares of the financial services provider’s stock worth $1,368,000 after buying an additional 9,154 shares in the last quarter.
About PIMCO Income Strategy Fund II
PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income and, as a secondary objective, capital appreciation through active management of a diversified portfolio of fixed-income securities.
The fund may invest across global fixed-income markets, including investment-grade and below-investment-grade corporate bonds, government and sovereign debt, mortgage-backed and other asset-backed securities, emerging-market obligations, and other income-producing instruments.
Further Reading
- Five stocks we like better than PIMCO Income Strategy Fund II
- Inhibrx’s Insider Buying Adds Fuel to a High-Short-Interest Biotech Setup
- Alamos Gold’s 1 Million-Ounce Growth Story Is Hiding in Plain Sight
- Everyone in AI Is Quietly Copying Palantir’s Playbook
- Advanced Micro Devices Is Spending $8.2 Billion to Learn What AI Needs Next
Receive News & Ratings for PIMCO Income Strategy Fund II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PIMCO Income Strategy Fund II and related companies with MarketBeat.com's FREE daily email newsletter.
