B. Riley Wealth Advisors Inc. Has $251,000 Holdings in PIMCO Income Strategy Fund II (NYSE:PFN)

B. Riley Wealth Advisors Inc. cut its position in PIMCO Income Strategy Fund II (NYSE:PFN) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,339 shares of the financial services provider’s stock after selling 4,532 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in PIMCO Income Strategy Fund II were worth $251,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in PIMCO Income Strategy Fund II by 623.0% in the fourth quarter. International Assets Investment Management LLC now owns 7,230 shares of the financial services provider’s stock valued at $52,000 after buying an additional 6,230 shares in the last quarter. Essex Financial Services Inc. acquired a new position in PIMCO Income Strategy Fund II in the third quarter valued at about $68,000. Foundations Investment Advisors LLC acquired a new position in PIMCO Income Strategy Fund II in the fourth quarter valued at about $77,000. SeaCrest Wealth Management LLC acquired a new position in PIMCO Income Strategy Fund II in the fourth quarter valued at about $79,000. Finally, Cary Street Partners Investment Advisory LLC boosted its position in PIMCO Income Strategy Fund II by 341.9% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 13,700 shares of the financial services provider’s stock valued at $99,000 after buying an additional 10,600 shares in the last quarter.

PIMCO Income Strategy Fund II Stock Performance

NYSE:PFN opened at $7.20 on Thursday. PIMCO Income Strategy Fund II has a 12 month low of $5.93 and a 12 month high of $7.58. The company’s 50-day moving average price is $7.31 and its two-hundred day moving average price is $7.34.

PIMCO Income Strategy Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, June 13th will be paid a $0.072 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 12.00%. The ex-dividend date is Thursday, June 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.