Noble Wealth Management PBC Has $313,000 Stock Holdings in PIMCO Income Strategy Fund II $PFN

Noble Wealth Management PBC trimmed its holdings in PIMCO Income Strategy Fund II (NYSE:PFN) by 86.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 41,683 shares of the financial services provider’s stock after selling 256,185 shares during the quarter. Noble Wealth Management PBC’s holdings in PIMCO Income Strategy Fund II were worth $313,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PFN. Comerica Bank grew its holdings in PIMCO Income Strategy Fund II by 45.8% during the 3rd quarter. Comerica Bank now owns 4,375 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 1,375 shares during the last quarter. Allworth Financial LP increased its position in PIMCO Income Strategy Fund II by 179.6% in the 2nd quarter. Allworth Financial LP now owns 5,509 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 3,539 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of PIMCO Income Strategy Fund II in the third quarter worth about $76,000. CreativeOne Wealth LLC bought a new position in shares of PIMCO Income Strategy Fund II in the third quarter worth about $84,000. Finally, Integrity Advisory Solutions LLC acquired a new position in shares of PIMCO Income Strategy Fund II during the third quarter worth approximately $90,000.

PIMCO Income Strategy Fund II Price Performance

PFN opened at $6.84 on Friday. PIMCO Income Strategy Fund II has a one year low of $6.26 and a one year high of $7.67. The company’s 50 day simple moving average is $7.31 and its 200-day simple moving average is $7.43.

PIMCO Income Strategy Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be issued a dividend of $0.0718 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a c) annualized dividend and a yield of 12.6%.

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.