PIMCO Income Strategy Fund II (NYSE:PFN) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. lowered its position in shares of PIMCO Income Strategy Fund II (NYSE:PFN) by 47.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,317 shares of the financial services provider’s stock after selling 14,976 shares during the period. Moors & Cabot Inc.’s holdings in PIMCO Income Strategy Fund II were worth $124,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. B. Riley Wealth Advisors Inc. lifted its stake in PIMCO Income Strategy Fund II by 13.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 38,871 shares of the financial services provider’s stock valued at $290,000 after buying an additional 4,532 shares during the last quarter. Cetera Advisors LLC boosted its stake in PIMCO Income Strategy Fund II by 7.2% during the 1st quarter. Cetera Advisors LLC now owns 41,169 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 2,753 shares during the period. EverSource Wealth Advisors LLC grew its position in PIMCO Income Strategy Fund II by 5.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 762,298 shares of the financial services provider’s stock worth $5,565,000 after purchasing an additional 37,839 shares during the last quarter. Keudell Morrison Wealth Management acquired a new position in PIMCO Income Strategy Fund II in the second quarter valued at $134,000. Finally, Raymond James & Associates raised its holdings in shares of PIMCO Income Strategy Fund II by 2.2% in the second quarter. Raymond James & Associates now owns 288,464 shares of the financial services provider’s stock valued at $2,068,000 after buying an additional 6,200 shares during the last quarter.

PIMCO Income Strategy Fund II Price Performance

NYSE PFN opened at $7.49 on Monday. PIMCO Income Strategy Fund II has a 52-week low of $6.80 and a 52-week high of $7.76. The business’s 50-day moving average price is $7.54 and its 200 day moving average price is $7.37.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be paid a $0.0718 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.86 annualized dividend and a dividend yield of 11.50%.

PIMCO Income Strategy Fund II Profile

PIMCO Income Strategy Fund II is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in the fixed income markets of the United States. It invests in securities of companies operating across the diversified sectors.