Pimco Income Strategy Fund II (NYSE:PFN) Director Purchases $10,740.00 in Stock

Pimco Income Strategy Fund II (NYSE:PFN) Director Sarah E. Cogan bought 1,000 shares of the company’s stock in a transaction on Thursday, January 9th. The shares were acquired at an average price of $10.74 per share, with a total value of $10,740.00.

PFN traded down $0.06 during midday trading on Friday, reaching $10.74. 170,600 shares of the company’s stock were exchanged, compared to its average volume of 261,571. Pimco Income Strategy Fund II has a 1-year low of $9.67 and a 1-year high of $10.80. The business’s 50-day moving average price is $10.54 and its 200 day moving average price is $10.51.

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.96 annualized dividend and a dividend yield of 8.94%.

Hedge funds have recently added to or reduced their stakes in the company. CWM LLC purchased a new stake in Pimco Income Strategy Fund II in the 3rd quarter valued at approximately $107,000. FNY Investment Advisers LLC increased its position in Pimco Income Strategy Fund II by 1,486.6% during the third quarter. FNY Investment Advisers LLC now owns 13,058 shares of the financial services provider’s stock worth $134,000 after buying an additional 12,235 shares in the last quarter. Wedbush Securities Inc. raised its holdings in shares of Pimco Income Strategy Fund II by 19.7% in the third quarter. Wedbush Securities Inc. now owns 16,722 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 2,750 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of Pimco Income Strategy Fund II by 12.0% in the second quarter. D.A. Davidson & CO. now owns 22,349 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 2,387 shares during the last quarter. Finally, Clear Creek Financial Management LLC purchased a new stake in shares of Pimco Income Strategy Fund II in the second quarter valued at $242,000.

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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