Pimco Income Strategy Fund II (PFN) Reaches New 12-Month Low at $9.40

Pimco Income Strategy Fund II (NYSE:PFN) shares reached a new 52-week low on Friday . The stock traded as low as $9.40 and last traded at $9.42, with a volume of 164703 shares traded. The stock had previously closed at $9.62.

The firm also recently declared a special dividend, which will be paid on Friday, December 21st. Shareholders of record on Monday, December 17th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, December 14th. This represents a yield of 9.89%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in Pimco Income Strategy Fund II by 66.6% in the second quarter. Bank of America Corp DE now owns 241,323 shares of the financial services provider’s stock worth $2,527,000 after acquiring an additional 96,467 shares during the period. Private Advisor Group LLC raised its position in Pimco Income Strategy Fund II by 18.0% in the third quarter. Private Advisor Group LLC now owns 45,684 shares of the financial services provider’s stock worth $482,000 after acquiring an additional 6,970 shares during the period. Arlington Capital Management Inc. raised its position in Pimco Income Strategy Fund II by 2.0% in the third quarter. Arlington Capital Management Inc. now owns 490,760 shares of the financial services provider’s stock worth $5,178,000 after acquiring an additional 9,608 shares during the period. Commonwealth Equity Services LLC raised its position in Pimco Income Strategy Fund II by 12.2% in the third quarter. Commonwealth Equity Services LLC now owns 237,628 shares of the financial services provider’s stock worth $2,506,000 after acquiring an additional 25,911 shares during the period. Finally, Cornerstone Wealth Management LLC raised its position in shares of Pimco Income Strategy Fund II by 608.7% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 28,612 shares of the financial services provider’s stock valued at $2,650,000 after purchasing an additional 24,575 shares during the period.

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About Pimco Income Strategy Fund II (NYSE:PFN)

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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