Royal Bank of Canada Boosts Holdings in PIMCO Income Strategy Fund II $PFN

Royal Bank of Canada boosted its holdings in shares of PIMCO Income Strategy Fund II (NYSE:PFN) by 404.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 378,002 shares of the financial services provider’s stock after buying an additional 303,031 shares during the quarter. Royal Bank of Canada’s holdings in PIMCO Income Strategy Fund II were worth $2,605,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Comerica Bank boosted its stake in shares of 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. Fifth Third Bancorp purchased a new stake in shares of PIMCO Income Strategy Fund II in the 1st quarter worth $53,000. Advisory Services Network LLC bought a new position in PIMCO Income Strategy Fund II in the 3rd quarter worth $76,000. CreativeOne Wealth LLC purchased a new position in PIMCO Income Strategy Fund II during the third quarter valued at $84,000. Finally, Susquehanna International Group LLP purchased a new position in PIMCO Income Strategy Fund II during the third quarter valued at $95,000.

PIMCO Income Strategy Fund II Price Performance

NYSE:PFN opened at $7.08 on Monday. The stock has a 50-day simple moving average of $7.02 and a two-hundred day simple moving average of $7.05. PIMCO Income Strategy Fund II has a 52-week low of $6.53 and a 52-week high of $7.67.

PIMCO Income Strategy Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be given a dividend of $0.0718 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date of this dividend is Thursday, August 13th.

PIMCO Income Strategy Fund II Company Profile

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.