J.W. Cole Advisors Inc. Buys 19,836 Shares of PIMCO Income Strategy Fund II (NYSE:PFN)

J.W. Cole Advisors Inc. grew its stake in shares of PIMCO Income Strategy Fund II (NYSE:PFN) by 81.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 44,325 shares of the financial services provider’s stock after acquiring an additional 19,836 shares during the period. J.W. Cole Advisors Inc.’s holdings in PIMCO Income Strategy Fund II were worth $318,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PFN. Advisory Services Network LLC increased its position in shares of PIMCO Income Strategy Fund II by 8.5% during the fourth quarter. Advisory Services Network LLC now owns 39,031 shares of the financial services provider’s stock valued at $282,000 after buying an additional 3,066 shares during the period. Focus Financial Network Inc. ADV bought a new stake in shares of PIMCO Income Strategy Fund II during the fourth quarter valued at about $182,000. Private Trust Co. NA increased its position in shares of PIMCO Income Strategy Fund II by 11.2% during the first quarter. Private Trust Co. NA now owns 103,846 shares of the financial services provider’s stock valued at $775,000 after buying an additional 10,464 shares during the period. Smith Chas P & Associates PA Cpas purchased a new position in shares of PIMCO Income Strategy Fund II during the first quarter worth about $283,000. Finally, LifePro Asset Management purchased a new position in shares of PIMCO Income Strategy Fund II during the first quarter worth about $600,000.

PIMCO Income Strategy Fund II Price Performance

Shares of NYSE PFN opened at $7.44 on Thursday. PIMCO Income Strategy Fund II has a 12 month low of $5.93 and a 12 month high of $7.58. The business has a 50-day moving average of $7.27 and a 200-day moving average of $7.30.

PIMCO Income Strategy Fund II Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a dividend of $0.0718 per share. This represents a $0.86 annualized dividend and a dividend yield of 11.59%. The ex-dividend date of this dividend is Friday, September 13th.

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.