Keudell Morrison Wealth Management Purchases Shares of 77,556 PIMCO Income Strategy Fund II $PFN

Keudell Morrison Wealth Management bought a new position in shares of PIMCO Income Strategy Fund II (NYSE:PFN) during the 2nd quarter, Holdings Channel.com reports. The fund bought 77,556 shares of the financial services provider’s stock, valued at approximately $573,000.

Several other hedge funds also recently made changes to their positions in PFN. Citadel Advisors LLC bought a new position in shares of PIMCO Income Strategy Fund II during the fourth quarter worth approximately $92,000. SeaCrest Wealth Management LLC bought a new position in shares of PIMCO Income Strategy Fund II during the first quarter worth approximately $176,000. Consolidated Portfolio Review Corp increased its holdings in shares of PIMCO Income Strategy Fund II by 1.6% during the first quarter. Consolidated Portfolio Review Corp now owns 368,373 shares of the financial services provider’s stock worth $2,778,000 after purchasing an additional 5,888 shares during the period. Mallini Complete Financial Planning LLC increased its holdings in shares of PIMCO Income Strategy Fund II by 11.3% during the first quarter. Mallini Complete Financial Planning LLC now owns 44,608 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 4,531 shares during the period. Finally, Clear Creek Financial Management LLC increased its holdings in shares of PIMCO Income Strategy Fund II by 2.2% during the first quarter. Clear Creek Financial Management LLC now owns 74,193 shares of the financial services provider’s stock worth $559,000 after purchasing an additional 1,565 shares during the period.

PIMCO Income Strategy Fund II Stock Down 0.3%

Shares of PFN opened at $7.58 on Friday. PIMCO Income Strategy Fund II has a 12 month low of $6.26 and a 12 month high of $7.76. The firm’s 50 day moving average is $7.56 and its 200-day moving average is $7.39.

PIMCO Income Strategy Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Tuesday, October 14th will be paid a $0.0718 dividend. This represents a c) dividend on an annualized basis and a yield of 11.4%. The ex-dividend date of this dividend is Tuesday, October 14th.

About PIMCO Income Strategy Fund II

PIMCO Income Strategy Fund II is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in the fixed income markets of the United States. It invests in securities of companies operating across the diversified sectors.