17,700 Shares in PIMCO Income Strategy Fund II (NYSE:PFN) Bought by Morey & Quinn Wealth Partners LLC

Morey & Quinn Wealth Partners LLC purchased a new stake in PIMCO Income Strategy Fund II (NYSE:PFN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 17,700 shares of the financial services provider’s stock, valued at approximately $132,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Stifel Financial Corp raised its stake in PIMCO Income Strategy Fund II by 23.2% during the third quarter. Stifel Financial Corp now owns 94,524 shares of the financial services provider’s stock worth $720,000 after buying an additional 17,773 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in shares of PIMCO Income Strategy Fund II by 22.1% in the 4th quarter. Stratos Wealth Partners LTD. now owns 124,667 shares of the financial services provider’s stock worth $929,000 after acquiring an additional 22,597 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of PIMCO Income Strategy Fund II by 46.7% during the 4th quarter. J.W. Cole Advisors Inc. now owns 154,958 shares of the financial services provider’s stock valued at $1,154,000 after purchasing an additional 49,350 shares in the last quarter. Atomi Financial Group Inc. grew its stake in PIMCO Income Strategy Fund II by 6.5% during the fourth quarter. Atomi Financial Group Inc. now owns 50,975 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 3,122 shares during the period. Finally, Element Wealth LLC bought a new stake in PIMCO Income Strategy Fund II in the fourth quarter worth approximately $159,000.

PIMCO Income Strategy Fund II Stock Performance

PIMCO Income Strategy Fund II stock opened at $7.55 on Thursday. PIMCO Income Strategy Fund II has a 52-week low of $6.96 and a 52-week high of $7.77. The stock’s 50 day moving average price is $7.52 and its two-hundred day moving average price is $7.52.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be paid a dividend of $0.0718 per share. This represents a $0.86 annualized dividend and a yield of 11.42%. The ex-dividend date of this dividend is Thursday, March 13th.

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.