PIMCO Income Strategy Fund II (NYSE:PFN) Stock Crosses Below Fifty Day Moving Average – What’s Next?

PIMCO Income Strategy Fund II (NYSE:PFN) passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $6.73 and traded as low as $6.25. PIMCO Income Strategy Fund II shares last traded at $6.3250, with a volume of 647,478 shares changing hands.

PIMCO Income Strategy Fund II Stock Performance

The business has a 50 day simple moving average of $6.73 and a 200 day simple moving average of $6.88.

PIMCO Income Strategy Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Tuesday, October 13th will be issued a $0.0718 dividend. This represents a $0.86 annualized dividend and a dividend yield of 13.6%. The ex-dividend date is Tuesday, October 13th.

Hedge Funds Weigh In On PIMCO Income Strategy Fund II

Several hedge funds have recently bought and sold shares of the company. Ameritas Advisory Services LLC boosted its holdings in PIMCO Income Strategy Fund II by 5.5% during the 2nd quarter. Ameritas Advisory Services LLC now owns 40,324 shares of the financial services provider’s stock valued at $288,000 after acquiring an additional 2,100 shares during the period. Whipplewood Advisors LLC increased its stake in PIMCO Income Strategy Fund II by 1.7% during the first quarter. Whipplewood Advisors LLC now owns 136,256 shares of the financial services provider’s stock worth $939,000 after purchasing an additional 2,339 shares during the period. TrueMark Investments LLC lifted its position in shares of PIMCO Income Strategy Fund II by 5.3% during the first quarter. TrueMark Investments LLC now owns 48,268 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 2,448 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of PIMCO Income Strategy Fund II during the first quarter worth about $28,000. Finally, Main Street Financial Solutions LLC lifted its position in shares of PIMCO Income Strategy Fund II by 10.0% during the second quarter. Main Street Financial Solutions LLC now owns 58,678 shares of the financial services provider’s stock worth $418,000 after purchasing an additional 5,311 shares in the last quarter.

PIMCO Income Strategy Fund II Company Profile

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income and, as a secondary objective, capital appreciation through active management of a diversified portfolio of fixed-income securities.

The fund may invest across global fixed-income markets, including investment-grade and below-investment-grade corporate bonds, government and sovereign debt, mortgage-backed and other asset-backed securities, emerging-market obligations, and other income-producing instruments.