Simplicity Wealth LLC Purchases Shares of 171,386 PIMCO Income Strategy Fund II $PFN

Simplicity Wealth LLC purchased a new stake in shares of PIMCO Income Strategy Fund II (NYSE:PFN) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 171,386 shares of the financial services provider’s stock, valued at approximately $1,222,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Western Wealth Management LLC bought a new position in PIMCO Income Strategy Fund II in the first quarter worth approximately $28,000. Comerica Bank raised its holdings in PIMCO Income Strategy Fund II by 45.8% in the 3rd quarter. Comerica Bank now owns 4,375 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 1,375 shares during the period. Fifth Third Bancorp purchased a new stake in PIMCO Income Strategy Fund II in the first quarter worth about $53,000. Advisory Services Network LLC purchased a new stake in PIMCO Income Strategy Fund II in the third quarter worth about $76,000. Finally, CreativeOne Wealth LLC bought a new position in shares of PIMCO Income Strategy Fund II in the third quarter worth about $84,000.

PIMCO Income Strategy Fund II Stock Up 0.1%

PFN stock opened at $7.08 on Monday. The business’s 50-day moving average price is $7.02 and its 200-day moving average price is $7.05. PIMCO Income Strategy Fund II has a twelve month low of $6.53 and a twelve month high of $7.67.

PIMCO Income Strategy Fund II Dividend Announcement

The firm 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 $0.0718 dividend. This represents a c) annualized dividend and a dividend yield of 12.2%. The ex-dividend date is Thursday, August 13th.

PIMCO Income Strategy Fund II 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.