Centaurus Financial Inc. Takes Position in PIMCO Income Strategy Fund II $PFN

Centaurus Financial Inc. acquired a new position in shares of PIMCO Income Strategy Fund II (NYSE:PFN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 81,925 shares of the financial services provider’s stock, valued at approximately $584,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PFN. Keudell Morrison Wealth Management acquired a new stake in shares of PIMCO Income Strategy Fund II in the 4th quarter valued at $703,000. IMC Chicago LLC bought a new position in PIMCO Income Strategy Fund II during the second quarter worth $604,000. Northwestern Mutual Wealth Management Co. acquired a new position in PIMCO Income Strategy Fund II in the second quarter valued at $536,000. Independent Financial Group LLC acquired a new position in PIMCO Income Strategy Fund II in the first quarter valued at $499,000. Finally, Royal Bank of Canada boosted its position in 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 acquiring an additional 303,031 shares during the last quarter.

PIMCO Income Strategy Fund II Price Performance

Shares of PFN opened at $6.99 on Friday. The firm’s fifty day simple moving average is $7.05 and its two-hundred day simple moving average is $7.02. PIMCO Income Strategy Fund II has a 12 month low of $6.53 and a 12 month high of $7.67.

PIMCO Income Strategy Fund II Dividend Announcement

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

About PIMCO Income Strategy Fund II

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.