PIMCO Income Strategy Fund II (NYSE:PFN) Share Price Crosses Above 50-Day Moving Average – What’s Next?

PIMCO Income Strategy Fund II (NYSE:PFN)’s stock price crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $6.38 and traded as high as $6.47. PIMCO Income Strategy Fund II shares last traded at $6.4550, with a volume of 558,513 shares traded.

PIMCO Income Strategy Fund II Stock Up 1.7%

The stock’s fifty day moving average price is $6.38 and its 200 day moving average price is $6.89.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be given a $0.0718 dividend. This represents a $0.86 annualized dividend and a yield of 13.3%. The ex-dividend date of this dividend is Friday, November 13th.

Hedge Funds Weigh In On PIMCO Income Strategy Fund II

A number of hedge funds have recently added to or reduced their stakes in the stock. StoneX Group Inc. purchased a new position in shares of PIMCO Income Strategy Fund II during the third quarter worth approximately $248,000. Kestra Advisory Services LLC lifted its holdings in PIMCO Income Strategy Fund II by 8.0% during the third quarter. Kestra Advisory Services LLC now owns 101,033 shares of the financial services provider’s stock worth $638,000 after buying an additional 7,519 shares during the period. Simplicity Wealth LLC raised its position in shares of PIMCO Income Strategy Fund II by 7.6% in the 3rd quarter. Simplicity Wealth LLC now owns 184,414 shares of the financial services provider’s stock worth $1,151,000 after acquiring an additional 13,028 shares in the last quarter. Wedbush Securities Inc. raised its position in shares of PIMCO Income Strategy Fund II by 15.2% in the 3rd quarter. Wedbush Securities Inc. now owns 15,873 shares of the financial services provider’s stock worth $99,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Smith Chas P & Associates PA Cpas lifted its stake in shares of PIMCO Income Strategy Fund II by 7.0% during the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 28,104 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 1,850 shares during the last quarter.

PIMCO Income Strategy Fund II Company Profile

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO). The fund’s primary investment objective is to seek high current income, with capital appreciation as a secondary objective.

The fund invests in a diversified portfolio of income-producing fixed-income securities. Its holdings may include corporate bonds, government and sovereign debt, mortgage-related securities, asset-backed securities, floating-rate loans and other credit instruments.