Royal Bank of Canada Acquires 303,031 Shares of PIMCO Income Strategy Fund II $PFN

Royal Bank of Canada grew its holdings in PIMCO Income Strategy Fund II (NYSE:PFNFree Report) by 404.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 378,002 shares of the financial services provider’s stock after acquiring an additional 303,031 shares during the period. Royal Bank of Canada’s holdings in PIMCO Income Strategy Fund II were worth $2,605,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in PFN. Comerica Bank boosted its stake in shares of PIMCO Income Strategy Fund II by 45.8% in the third quarter. Comerica Bank now owns 4,375 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 1,375 shares during the period. Integrity Advisory Solutions LLC raised its stake in PIMCO Income Strategy Fund II by 16.6% during the 4th quarter. Integrity Advisory Solutions LLC now owns 13,762 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 1,962 shares during the period. Sanctuary Advisors LLC lifted its holdings in PIMCO Income Strategy Fund II by 4.7% in the 4th quarter. Sanctuary Advisors LLC now owns 46,339 shares of the financial services provider’s stock worth $348,000 after purchasing an additional 2,061 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in PIMCO Income Strategy Fund II by 9.0% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 25,714 shares of the financial services provider’s stock worth $196,000 after purchasing an additional 2,120 shares in the last quarter. Finally, Whipplewood Advisors LLC boosted its stake in PIMCO Income Strategy Fund II by 1.7% in the 1st 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.

PIMCO Income Strategy Fund II Stock Performance

PFN stock opened at $7.08 on Monday. PIMCO Income Strategy Fund II has a 1-year low of $6.53 and a 1-year high of $7.67. The business has a 50 day simple moving average of $7.02 and a two-hundred day simple moving average of $7.05.

PIMCO Income Strategy Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be issued a $0.0718 dividend. This represents a c) annualized dividend and a dividend yield of 12.2%. The ex-dividend date of this dividend is Thursday, August 13th.

About PIMCO Income Strategy Fund II

(Free Report)

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end management investment company that seeks to provide high current income by investing principally in a diversified portfolio of credit instruments. The fund’s assets are allocated across a range of fixed income sectors, including corporate debt, asset- and mortgage-backed securities, emerging market debt, and other income-producing instruments, both in the U.S. and international markets.

The fund employs a flexible investment approach designed by PIMCO’s portfolio management team, incorporating the use of leverage and derivatives to enhance yield and manage duration risk.

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Institutional Ownership by Quarter for PIMCO Income Strategy Fund II (NYSE:PFN)

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