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

IMC Chicago LLC purchased a new position in PIMCO Income Strategy Fund II (NYSE:PFN) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 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 bought a new position in shares of PIMCO Income Strategy Fund II during the first quarter valued at about $28,000. Comerica Bank increased its holdings in shares of PIMCO Income Strategy Fund II by 45.8% in the third quarter. Comerica Bank now owns 4,375 shares of the financial services provider’s stock worth $33,000 after buying an additional 1,375 shares during the period. Fifth Third Bancorp bought a new stake in shares of PIMCO Income Strategy Fund II in the 1st quarter valued at about $53,000. Advisory Services Network LLC bought a new stake in shares of PIMCO Income Strategy Fund II in the 3rd quarter valued at about $76,000. Finally, CreativeOne Wealth LLC bought a new stake in shares of PIMCO Income Strategy Fund II in the 3rd quarter valued at about $84,000.

PIMCO Income Strategy Fund II Stock Performance

Shares of PFN stock opened at $7.08 on Monday. The business has a 50-day moving average of $7.02 and a 200 day moving average of $7.05. 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 Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be given a $0.0718 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) annualized dividend and a yield of 12.2%.

PIMCO Income Strategy Fund II Company 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.