PIMCO Income Strategy Fund II $PFN Shares Sold by Shaker Financial Services LLC

Shaker Financial Services LLC decreased its position in PIMCO Income Strategy Fund II (NYSE:PFN) by 32.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 313,823 shares of the financial services provider’s stock after selling 150,728 shares during the period. Shaker Financial Services LLC’s holdings in PIMCO Income Strategy Fund II were worth $1,971,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC lifted its holdings in shares of PIMCO Income Strategy Fund II by 4.3% in the first quarter. Rivernorth Capital Management LLC now owns 838,080 shares of the financial services provider’s stock valued at $5,774,000 after purchasing an additional 34,573 shares in the last quarter. Bank of America Corp DE boosted its position in shares of PIMCO Income Strategy Fund II by 243.4% in the first quarter. Bank of America Corp DE now owns 400,642 shares of the financial services provider’s stock worth $2,760,000 after buying an additional 283,970 shares during the period. Royal Bank of Canada grew its holdings in shares of PIMCO Income Strategy Fund II by 404.2% during the first quarter. Royal Bank of Canada now owns 378,002 shares of the financial services provider’s stock valued at $2,605,000 after buying an additional 303,031 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of PIMCO Income Strategy Fund II by 4.0% during the third quarter. CoreCap Advisors LLC now owns 255,770 shares of the financial services provider’s stock valued at $1,596,000 after buying an additional 9,925 shares in the last quarter. Finally, Susquehanna International Group LLP grew its holdings in shares of PIMCO Income Strategy Fund II by 760.8% during the second quarter. Susquehanna International Group LLP now owns 223,785 shares of the financial services provider’s stock valued at $1,596,000 after buying an additional 197,789 shares in the last quarter.

PIMCO Income Strategy Fund II Stock Down 1.2%

PIMCO Income Strategy Fund II stock traded down $0.07 during mid-day trading on Wednesday, hitting $6.12. The company’s stock had a trading volume of 368,186 shares, compared to its average volume of 492,412. The firm’s 50 day moving average is $6.69 and its 200 day moving average is $6.88. PIMCO Income Strategy Fund II has a 52-week low of $6.10 and a 52-week high of $7.59.

PIMCO Income Strategy Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Tuesday, October 13th will be issued a $0.0718 dividend. The ex-dividend date is Tuesday, October 13th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 14.1%.

PIMCO Income Strategy Fund II Company Profile

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

To pursue its objectives, PFN invests primarily in a diversified portfolio of fixed-income securities. Its holdings may include corporate bonds, mortgage-backed and other asset-backed securities, government and sovereign debt, emerging-market obligations, and securities rated below investment grade.