Susquehanna International Group LLP Grows Position in PIMCO Income Strategy Fund II $PFN

Susquehanna International Group LLP raised its holdings in PIMCO Income Strategy Fund II (NYSE:PFN) by 760.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 223,785 shares of the financial services provider’s stock after acquiring an additional 197,789 shares during the period. Susquehanna International Group LLP’s holdings in PIMCO Income Strategy Fund II were worth $1,596,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Western Wealth Management LLC purchased a new position in PIMCO Income Strategy Fund II in the 1st quarter valued at approximately $28,000. Comerica Bank lifted its position 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 acquiring an additional 1,375 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of PIMCO Income Strategy Fund II during the second quarter worth $41,000. Fifth Third Bancorp bought a new position in shares of PIMCO Income Strategy Fund II in the first quarter worth $53,000. Finally, Advisory Services Network LLC purchased a new position in shares of PIMCO Income Strategy Fund II in the third quarter valued at $76,000.

PIMCO Income Strategy Fund II Stock Performance

Shares of PFN opened at $6.99 on Monday. PIMCO Income Strategy Fund II has a twelve month low of $6.53 and a twelve month high of $7.67. The business’s 50-day moving average price is $7.05 and its 200-day moving average price is $7.02.

PIMCO Income Strategy Fund II Dividend Announcement

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

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.