Element Wealth LLC Makes New $159,000 Investment in PIMCO Income Strategy Fund II (NYSE:PFN)

Element Wealth LLC bought a new position in PIMCO Income Strategy Fund II (NYSE:PFN) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 21,305 shares of the financial services provider’s stock, valued at approximately $159,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. J.W. Cole Advisors Inc. boosted its holdings in shares of PIMCO Income Strategy Fund II by 46.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 154,958 shares of the financial services provider’s stock worth $1,154,000 after buying an additional 49,350 shares during the period. Root Financial Partners LLC acquired a new position in shares of PIMCO Income Strategy Fund II in the fourth quarter worth about $201,000. Apollon Wealth Management LLC boosted its holdings in shares of PIMCO Income Strategy Fund II by 57.5% in the fourth quarter. Apollon Wealth Management LLC now owns 74,249 shares of the financial services provider’s stock worth $553,000 after buying an additional 27,092 shares during the period. Consolidated Portfolio Review Corp boosted its holdings in shares of PIMCO Income Strategy Fund II by 3.6% in the fourth quarter. Consolidated Portfolio Review Corp now owns 362,485 shares of the financial services provider’s stock worth $2,701,000 after buying an additional 12,749 shares during the period. Finally, Elm3 Financial Group LLC acquired a new position in shares of PIMCO Income Strategy Fund II in the fourth quarter worth about $288,000.

PIMCO Income Strategy Fund II Stock Performance

PFN stock opened at $7.53 on Friday. The firm has a 50 day simple moving average of $7.48 and a 200 day simple moving average of $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 Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be issued a dividend of $0.0718 per share. This represents a $0.86 annualized dividend and a dividend yield of 11.45%. The ex-dividend date of this dividend is Thursday, February 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.