84,734 Shares in PIMCO Income Strategy Fund II $PFN Purchased by IMC Chicago LLC

IMC Chicago LLC bought a new position in shares of PIMCO Income Strategy Fund II (NYSE:PFN) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 84,734 shares of the financial services provider’s stock, valued at approximately $604,000.

Other institutional investors have also added to or reduced their stakes in the company. Western Wealth Management LLC purchased a new position in PIMCO Income Strategy Fund II during the first quarter valued at approximately $28,000. Comerica Bank lifted its stake in shares of PIMCO Income Strategy Fund II by 45.8% during the 3rd quarter. Comerica Bank now owns 4,375 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 1,375 shares during the last quarter. Allworth Financial LP bought a new stake in PIMCO Income Strategy Fund II during the second quarter valued at about $41,000. Fifth Third Bancorp bought a new stake in PIMCO Income Strategy Fund II during the first quarter valued at about $53,000. Finally, Advisory Services Network LLC bought a new stake in PIMCO Income Strategy Fund II during the third quarter valued at about $76,000.

PIMCO Income Strategy Fund II Stock Performance

PFN opened at $6.99 on Friday. The business’s 50-day moving average is $7.05 and its two-hundred day moving average is $7.02. PIMCO Income Strategy Fund II has a 1 year low of $6.53 and a 1 year high of $7.67.

PIMCO Income Strategy Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be issued a $0.0718 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date is Thursday, August 13th.

PIMCO Income Strategy Fund II Profile

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end management investment company that seeks to provide high current income by investing principally in a diversified portfolio of credit instruments. The fund’s assets are allocated across a range of fixed income sectors, including corporate debt, asset- and mortgage-backed securities, emerging market debt, and other income-producing instruments, both in the U.S. and international markets.

The fund employs a flexible investment approach designed by PIMCO’s portfolio management team, incorporating the use of leverage and derivatives to enhance yield and manage duration risk.