Horizon Kinetics Asset Management LLC Has $1.92 Million Holdings in PIMCO Income Strategy Fund II (NYSE:PFN)

Horizon Kinetics Asset Management LLC cut its holdings in shares of PIMCO Income Strategy Fund II (NYSE:PFN) by 21.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 257,327 shares of the financial services provider’s stock after selling 68,500 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in PIMCO Income Strategy Fund II were worth $1,917,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PFN. Stifel Financial Corp increased its position in shares of PIMCO Income Strategy Fund II by 23.2% during the third quarter. Stifel Financial Corp now owns 94,524 shares of the financial services provider’s stock valued at $720,000 after purchasing an additional 17,773 shares during the period. Stratos Wealth Partners LTD. increased its position in shares of PIMCO Income Strategy Fund II by 22.1% during the fourth quarter. Stratos Wealth Partners LTD. now owns 124,667 shares of the financial services provider’s stock valued at $929,000 after purchasing an additional 22,597 shares during the period. J.W. Cole Advisors Inc. increased its position in shares of PIMCO Income Strategy Fund II by 46.7% during the fourth quarter. J.W. Cole Advisors Inc. now owns 154,958 shares of the financial services provider’s stock valued at $1,154,000 after purchasing an additional 49,350 shares during the period. Atomi Financial Group Inc. increased its position in shares of PIMCO Income Strategy Fund II by 6.5% during the fourth quarter. Atomi Financial Group Inc. now owns 50,975 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 3,122 shares during the period. Finally, Element Wealth LLC bought a new stake in shares of PIMCO Income Strategy Fund II during the fourth quarter valued at approximately $159,000.

PIMCO Income Strategy Fund II Stock Performance

PFN opened at $7.45 on Monday. PIMCO Income Strategy Fund II has a 1 year low of $6.96 and a 1 year high of $7.77. The stock’s 50 day simple moving average is $7.52 and its 200-day simple moving average is $7.51.

PIMCO Income Strategy Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.0718 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 11.57%. The ex-dividend date is Thursday, March 13th.

PIMCO Income Strategy Fund II Profile

PIMCO Income Strategy Fund II is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in the fixed income markets of the United States. It invests in securities of companies operating across the diversified sectors.