Financial Alternatives Inc Lowers Holdings in PIMCO Income Strategy Fund II (NYSE:PFN)

Financial Alternatives Inc lowered its holdings in PIMCO Income Strategy Fund II (NYSE:PFN) by 10.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,248 shares of the financial services provider’s stock after selling 2,729 shares during the quarter. Financial Alternatives Inc’s holdings in PIMCO Income Strategy Fund II were worth $174,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. LifePro Asset Management purchased a new position in shares of PIMCO Income Strategy Fund II during the 1st quarter worth approximately $600,000. Choreo LLC purchased a new position in shares of PIMCO Income Strategy Fund II during the first quarter worth $483,000. Commonwealth Equity Services LLC boosted its position in shares of PIMCO Income Strategy Fund II by 18.4% during the second quarter. Commonwealth Equity Services LLC now owns 344,700 shares of the financial services provider’s stock worth $2,472,000 after buying an additional 53,480 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of PIMCO Income Strategy Fund II by 7.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 724,459 shares of the financial services provider’s stock valued at $5,238,000 after buying an additional 49,498 shares in the last quarter. Finally, Smith Chas P & Associates PA Cpas purchased a new stake in shares of PIMCO Income Strategy Fund II in the 1st quarter valued at $283,000.

PIMCO Income Strategy Fund II Price Performance

NYSE PFN opened at $7.45 on Thursday. The firm has a 50 day simple moving average of $7.24 and a 200-day simple moving average of $7.30. PIMCO Income Strategy Fund II has a one year low of $5.93 and a one year high of $7.58.

PIMCO Income Strategy Fund II Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be issued a dividend of $0.0718 per share. The ex-dividend date is Friday, September 13th. This represents a $0.86 annualized dividend and a yield of 11.57%.

About PIMCO Income Strategy Fund II

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.