84,734 Shares in PIMCO Income Strategy Fund II $PFN Acquired by IMC Chicago LLC

IMC Chicago LLC bought a new position in shares of PIMCO Income Strategy Fund II (NYSE:PFN) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 84,734 shares of the financial services provider’s stock, valued at approximately $604,000.

A number of other hedge funds have also bought and sold shares of the stock. Western Wealth Management LLC purchased a new position in shares of PIMCO Income Strategy Fund II in the first quarter worth $28,000. Comerica Bank lifted its stake in shares of PIMCO Income Strategy Fund II by 45.8% during the third quarter. Comerica Bank now owns 4,375 shares of the financial services provider’s stock worth $33,000 after buying an additional 1,375 shares during the period. Allworth Financial LP purchased a new stake in shares of PIMCO Income Strategy Fund II during the second quarter valued at $41,000. Fifth Third Bancorp purchased a new stake in shares of PIMCO Income Strategy Fund II during the first quarter valued at $53,000. Finally, Advisory Services Network LLC purchased a new stake in shares of PIMCO Income Strategy Fund II during the third quarter valued at $76,000.

PIMCO Income Strategy Fund II Price Performance

NYSE PFN opened at $6.99 on Friday. The stock’s fifty day moving average price is $7.05 and its 200 day moving average price is $7.02. PIMCO Income Strategy Fund II has a 1 year low of $6.53 and a 1 year high of $7.67.

PIMCO Income Strategy Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be issued a $0.0718 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%.

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.