Element Wealth LLC Acquires New Holdings in PIMCO Income Strategy Fund II (NYSE:PFN)

Element Wealth LLC acquired a new stake in PIMCO Income Strategy Fund II (NYSE:PFN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 21,305 shares of the financial services provider’s stock, valued at approximately $159,000.

Several other hedge funds have also recently bought and sold shares of PFN. Stifel Financial Corp increased its stake in PIMCO Income Strategy Fund II by 23.2% during the 3rd quarter. Stifel Financial Corp now owns 94,524 shares of the financial services provider’s stock valued at $720,000 after buying an additional 17,773 shares during the period. Stratos Wealth Partners LTD. increased its stake in PIMCO Income Strategy Fund II by 22.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 124,667 shares of the financial services provider’s stock valued at $929,000 after buying an additional 22,597 shares during the period. J.W. Cole Advisors Inc. increased its stake in PIMCO Income Strategy Fund II by 138.3% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 105,608 shares of the financial services provider’s stock valued at $805,000 after buying an additional 61,283 shares during the period. International Assets Investment Management LLC increased its stake in PIMCO Income Strategy Fund II by 662.0% during the 3rd quarter. International Assets Investment Management LLC now owns 7,620 shares of the financial services provider’s stock valued at $58,000 after buying an additional 6,620 shares during the period. Finally, Atomi Financial Group Inc. increased its stake in PIMCO Income Strategy Fund II by 6.5% during the 4th quarter. Atomi Financial Group Inc. now owns 50,975 shares of the financial services provider’s stock valued at $380,000 after buying an additional 3,122 shares during the period.

PIMCO Income Strategy Fund II Price Performance

PIMCO Income Strategy Fund II stock opened at $7.53 on Friday. The company’s 50-day moving average price is $7.48 and its two-hundred day moving average price is $7.48. PIMCO Income Strategy Fund II has a 52 week low of $6.96 and a 52 week high of $7.76.

PIMCO Income Strategy Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th will be paid a $0.0718 dividend. The ex-dividend date is Thursday, February 13th. This represents a $0.86 annualized dividend and a dividend yield of 11.45%.

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.