Morey & Quinn Wealth Partners LLC Makes New Investment in PIMCO Income Strategy Fund II (NYSE:PFN)

Morey & Quinn Wealth Partners LLC purchased a new stake in PIMCO Income Strategy Fund II (NYSE:PFN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 17,700 shares of the financial services provider’s stock, valued at approximately $132,000.

A number of other institutional investors also recently modified their holdings of the business. Sanctuary Advisors LLC lifted its stake in PIMCO Income Strategy Fund II by 5.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 41,681 shares of the financial services provider’s stock valued at $312,000 after purchasing an additional 1,971 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its stake in shares of PIMCO Income Strategy Fund II by 114.2% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 4,069 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 2,169 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in shares of PIMCO Income Strategy Fund II by 6.5% in the 4th quarter. Atomi Financial Group Inc. now owns 50,975 shares of the financial services provider’s stock valued at $380,000 after acquiring an additional 3,122 shares during the last quarter. Private Trust Co. NA grew its position in PIMCO Income Strategy Fund II by 2.8% during the 4th quarter. Private Trust Co. NA now owns 186,705 shares of the financial services provider’s stock worth $1,391,000 after acquiring an additional 5,045 shares during the last quarter. Finally, Ibex Wealth Advisors acquired a new position in PIMCO Income Strategy Fund II in the 4th quarter worth about $82,000.

PIMCO Income Strategy Fund II Trading Up 0.1 %

PIMCO Income Strategy Fund II stock opened at $7.55 on Thursday. The stock has a 50-day moving average price of $7.52 and a two-hundred day moving average price of $7.52. PIMCO Income Strategy Fund II has a 12 month low of $6.96 and a 12 month high of $7.77.

PIMCO Income Strategy Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be issued a $0.0718 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.86 dividend on an annualized basis and a yield of 11.42%.

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.