Elm3 Financial Group LLC Makes New Investment in PIMCO Income Strategy Fund II (NYSE:PFN)

Elm3 Financial Group LLC purchased a new position in PIMCO Income Strategy Fund II (NYSE:PFN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 38,625 shares of the financial services provider’s stock, valued at approximately $288,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC raised its position in shares of PIMCO Income Strategy Fund II by 114.2% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 4,069 shares of the financial services provider’s stock worth $30,000 after buying an additional 2,169 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of PIMCO Income Strategy Fund II by 662.0% in 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 acquiring an additional 6,620 shares in the last quarter. Ibex Wealth Advisors acquired a new stake in shares of PIMCO Income Strategy Fund II in the fourth quarter worth $82,000. Sanctuary Advisors LLC acquired a new position in shares of PIMCO Income Strategy Fund II in the 2nd quarter valued at about $287,000. Finally, Main Street Financial Solutions LLC lifted its position in PIMCO Income Strategy Fund II by 3.0% in the 3rd quarter. Main Street Financial Solutions LLC now owns 47,257 shares of the financial services provider’s stock worth $360,000 after buying an additional 1,355 shares in the last quarter.

PIMCO Income Strategy Fund II Stock Performance

NYSE:PFN opened at $7.62 on Thursday. PIMCO Income Strategy Fund II has a 52 week low of $6.96 and a 52 week high of $7.76. The stock’s 50 day moving average price is $7.47 and its 200 day moving average price is $7.45.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be given a dividend of $0.0718 per share. This represents a $0.86 dividend on an annualized basis and a yield of 11.31%. The ex-dividend date is Thursday, February 13th.

PIMCO Income Strategy Fund II Company 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.