National Asset Management Inc. raised its position in shares of Pimco Income Strategy Fund II (NYSE:PFN) by 19.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 248,165 shares of the financial services provider’s stock after buying an additional 40,955 shares during the period. National Asset Management Inc.’s holdings in Pimco Income Strategy Fund II were worth $2,554,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mid Atlantic Financial Management Inc. ADV lifted its stake in Pimco Income Strategy Fund II by 15.7% in the 1st quarter. Mid Atlantic Financial Management Inc. ADV now owns 80,890 shares of the financial services provider’s stock valued at $832,000 after acquiring an additional 11,000 shares in the last quarter. RDA Financial Network bought a new stake in Pimco Income Strategy Fund II in the 1st quarter valued at approximately $111,000. Osborn Williams & Donohoe LLC bought a new stake in Pimco Income Strategy Fund II in the 1st quarter valued at approximately $350,000. Enterprise Financial Services Corp bought a new stake in Pimco Income Strategy Fund II in the 1st quarter valued at approximately $91,000. Finally, Ellis Investment Partners LLC bought a new stake in Pimco Income Strategy Fund II in the 1st quarter valued at approximately $76,000.

NYSE PFN opened at $10.43 on Tuesday. Pimco Income Strategy Fund II has a 52 week low of $8.88 and a 52 week high of $10.87.

The company also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be paid a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 9.20%. The ex-dividend date of this dividend is Friday, May 10th.

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Pimco Income Strategy Fund II Profile

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.

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Want to see what other hedge funds are holding PFN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pimco Income Strategy Fund II (NYSE:PFN).

Institutional Ownership by Quarter for Pimco Income Strategy Fund II (NYSE:PFN)

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