Raymond James Financial Services Advisors Inc. Acquires 22,995 Shares of PIMCO Income Strategy Fund II (NYSE:PFN)

Raymond James Financial Services Advisors Inc. lifted its stake in PIMCO Income Strategy Fund II (NYSE:PFN) by 152.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,084 shares of the financial services provider’s stock after buying an additional 22,995 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in PIMCO Income Strategy Fund II were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in PFN. Essex Financial Services Inc. acquired a new stake in shares of PIMCO Income Strategy Fund II during the 3rd quarter valued at $68,000. Bryn Mawr Capital Management LLC acquired a new stake in shares of PIMCO Income Strategy Fund II during the third quarter valued at about $72,000. Great Valley Advisor Group Inc. bought a new stake in shares of PIMCO Income Strategy Fund II during the third quarter worth about $83,000. Landscape Capital Management L.L.C. bought a new stake in shares of PIMCO Income Strategy Fund II during the third quarter worth about $89,000. Finally, Moors & Cabot Inc. increased its stake in shares of PIMCO Income Strategy Fund II by 113.2% in the third quarter. Moors & Cabot Inc. now owns 23,169 shares of the financial services provider’s stock valued at $153,000 after buying an additional 12,300 shares during the period.

PIMCO Income Strategy Fund II Trading Up 1.1 %

Shares of NYSE PFN opened at $7.24 on Tuesday. The company has a 50 day simple moving average of $7.38 and a 200 day simple moving average of $7.10. PIMCO Income Strategy Fund II has a 1 year low of $5.93 and a 1 year high of $7.58.

PIMCO Income Strategy Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 11th will be issued a dividend of $0.0718 per share. This represents a $0.86 dividend on an annualized basis and a yield of 11.90%. The ex-dividend date of this dividend is Wednesday, April 10th.

About PIMCO Income Strategy Fund II

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.