Shaker Financial Services LLC cut its position in shares of Pimco Income Strategy Fund II (NYSE:PFN) by 41.3% during the 1st quarter, Holdings Channel reports. The firm owned 227,736 shares of the financial services provider’s stock after selling 160,506 shares during the period. Shaker Financial Services LLC’s holdings in Pimco Income Strategy Fund II were worth $2,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently made changes to their positions in PFN. TCG Advisors LP bought a new position in Pimco Income Strategy Fund II during the fourth quarter worth $1,712,000. Ellis Investment Partners LLC bought a new position in Pimco Income Strategy Fund II during the first quarter worth $76,000. Morgan Stanley lifted its stake in Pimco Income Strategy Fund II by 10.3% during the third quarter. Morgan Stanley now owns 374,388 shares of the financial services provider’s stock worth $3,950,000 after purchasing an additional 35,054 shares during the last quarter. Osborn Williams & Donohoe LLC bought a new position in Pimco Income Strategy Fund II during the first quarter worth $350,000. Finally, National Asset Management Inc. lifted its stake in Pimco Income Strategy Fund II by 16.3% during the fourth quarter. National Asset Management Inc. now owns 207,210 shares of the financial services provider’s stock worth $1,975,000 after purchasing an additional 29,091 shares during the last quarter.
PFN traded down $0.01 during trading hours on Wednesday, hitting $10.44. 113 shares of the stock were exchanged, compared to its average volume of 177,286. Pimco Income Strategy Fund II has a 12 month low of $8.88 and a 12 month high of $10.87.
The company also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be paid a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 9.20%. The ex-dividend date is Friday, May 10th.
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About Pimco Income Strategy Fund II
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.
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