Advisor Group Holdings Inc. sells 12,400 shares of PIMCO Income Strategy Fund II (NYSE: PFN)


Advisor Group Holdings Inc. reduced its position in shares of PIMCO Income Strategy Fund II (NYSE: PFN – Get Rating) by 10.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. . The company held 107,421 shares of the financial services provider after selling 12,400 shares during the period. Advisor Group Holdings Inc.’s holdings in PIMCO Income Strategy Fund II were $932,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also changed their holdings in the company. Penserra Capital Management LLC increased its position in shares of PIMCO Income Strategy Fund II by 1.4% during the fourth quarter. Penserra Capital Management LLC now owns 987,302 shares of the financial services provider valued at $9,428,000 after purchasing an additional 13,688 shares during the period. Commonwealth Equity Services LLC increased its equity position in PIMCO Income Strategy Fund II by 36.0% during the first quarter. Commonwealth Equity Services LLC now owns 365,336 shares of the financial services provider valued at $3,171,000 after purchasing an additional 96,649 shares during the period. Stratos Wealth Partners LTD. increased its position in shares of PIMCO Income Strategy Fund II by 65.1% during the first quarter. Stratos Wealth Partners LTD. now owns 173,220 shares of the financial services provider valued at $1,504,000 after purchasing an additional 68,290 shares during the period. Rockefeller Capital Management LP increased its stake in PIMCO Income Strategy Fund II by 2.3% in the fourth quarter. Rockefeller Capital Management LP now owns 52,085 shares of the financial services provider valued at $497,000 after buying an additional 1,172 shares last quarter. Finally, CoreCap Advisors LLC increased its stake in PIMCO Income Strategy Fund II by 24.7% in the 1st quarter. CoreCap Advisors LLC now owns 48,452 shares of the financial services provider valued at $421,000 after buying an additional 9,610 shares last quarter.

PIMCO Income Strategy Fund II Stock up 0.8%

Shares of PFN opened at $7.87 on Wednesday. The stock’s fifty-day simple moving average is $7.83 and its 200-day simple moving average is $8.24. PIMCO Income Strategy Fund II has a one-year low of $7.11 and a one-year high of $11.44.

PIMCO Income Strategy Fund II increases its dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, September 1. Investors of record on Thursday August 11 will receive a dividend of $0.072. This is a positive change from the PIMCO Income Strategy Fund II’s previous monthly dividend of $0.07. The ex-dividend date is Wednesday, August 10. This represents an annualized dividend of $0.86 and a yield of 10.98%.

About the PIMCO Income Strategy Fund II

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PIMCO Income Strategy Fund II is a closed-end bond 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 US bond markets. It invests in securities of companies operating in diversified sectors.

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Institutional ownership by quarter for PIMCO Income Strategy Fund II (NYSE:PFN)



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