Wealthstreet Investment Advisors LLC Purchases Shares of 15,200 Pimco Income Strategy Fund II (PFN)

Wealthstreet Investment Advisors LLC bought a new stake in Pimco Income Strategy Fund II (NYSE:PFN) during the fourth quarter, Holdings Channel reports. The firm bought 15,200 shares of the financial services provider’s stock, valued at approximately $159,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its position in Pimco Income Strategy Fund II by 7.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 309,264 shares of the financial services provider’s stock valued at $3,226,000 after acquiring an additional 22,137 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in Pimco Income Strategy Fund II by 3.4% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 245,130 shares of the financial services provider’s stock valued at $2,623,000 after acquiring an additional 8,139 shares during the last quarter. Commonwealth Equity Services Inc grew its position in Pimco Income Strategy Fund II by 15.5% in the third quarter. Commonwealth Equity Services Inc now owns 141,834 shares of the financial services provider’s stock valued at $1,517,000 after acquiring an additional 19,004 shares during the last quarter. Royal Bank of Canada grew its position in Pimco Income Strategy Fund II by 6.7% in the second quarter. Royal Bank of Canada now owns 64,428 shares of the financial services provider’s stock valued at $672,000 after acquiring an additional 4,052 shares during the last quarter. Finally, SeaCrest Wealth Management LLC bought a new position in Pimco Income Strategy Fund II in the fourth quarter valued at about $348,000.

Pimco Income Strategy Fund II (NYSE PFN) opened at $10.13 on Friday. Pimco Income Strategy Fund II has a 12-month low of $9.61 and a 12-month high of $10.89.

The firm also recently announced a monthly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be given a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 9.48%. The ex-dividend date of this dividend is Friday, February 9th.

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Pimco Income Strategy Fund II Company Profile

PIMCO Income Strategy Fund II (the Fund) is a closed-end management investment company. The Fund’s primary investment objective is to seek high current income, consistent with the preservation of capital. The Fund allocates assets in varying proportions among floating- and fixed-rate debt instruments, as well as among investment grade and non-investment-grade securities.

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Institutional Ownership by Quarter for Pimco Income Strategy Fund II (NYSE:PFN)

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Wealthstreet Investment Advisors LLC Purchases Shares of 15,200 Pimco Income Strategy Fund II (PFN)

Wealthstreet Investment Advisors LLC purchased a new stake in Pimco Income Strategy Fund II (NYSE:PFN) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,200 shares of the financial services provider’s stock, valued at approximately $159,000.

Other hedge funds also recently bought and sold shares of the company. Stratos Wealth Partners LTD. acquired a new position in Pimco Income Strategy Fund II in the third quarter valued at about $107,000. Raymond James Financial Services Advisors Inc. raised its stake in Pimco Income Strategy Fund II by 17.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 19,875 shares of the financial services provider’s stock valued at $207,000 after purchasing an additional 2,900 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in Pimco Income Strategy Fund II in the fourth quarter valued at about $348,000. Royal Bank of Canada raised its stake in Pimco Income Strategy Fund II by 6.7% in the second quarter. Royal Bank of Canada now owns 64,428 shares of the financial services provider’s stock valued at $672,000 after purchasing an additional 4,052 shares in the last quarter. Finally, Commonwealth Equity Services Inc raised its stake in Pimco Income Strategy Fund II by 15.5% in the third quarter. Commonwealth Equity Services Inc now owns 141,834 shares of the financial services provider’s stock valued at $1,517,000 after purchasing an additional 19,004 shares in the last quarter.

Pimco Income Strategy Fund II (PFN) opened at $10.13 on Friday. Pimco Income Strategy Fund II has a 52 week low of $9.61 and a 52 week high of $10.89.

The business also recently declared a monthly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be paid a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 9.48%. The ex-dividend date of this dividend is Friday, February 9th.

ILLEGAL ACTIVITY WARNING: “Wealthstreet Investment Advisors LLC Purchases Shares of 15,200 Pimco Income Strategy Fund II (PFN)” was first published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at https://www.thelincolnianonline.com/2018/02/18/wealthstreet-investment-advisors-llc-purchases-shares-of-15200-pimco-income-strategy-fund-ii-pfn.html.

Pimco Income Strategy Fund II Profile

PIMCO Income Strategy Fund II (the Fund) is a closed-end management investment company. The Fund’s primary investment objective is to seek high current income, consistent with the preservation of capital. The Fund allocates assets in varying proportions among floating- and fixed-rate debt instruments, as well as among investment grade and non-investment-grade securities.

Institutional Ownership by Quarter for Pimco Income Strategy Fund II (NYSE:PFN)

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.

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