Horizon Kinetics Asset Management LLC Acquires 49,293 Shares of PIMCO Income Strategy Fund II (NYSE:PFN)

Horizon Kinetics Asset Management LLC grew its stake in shares of PIMCO Income Strategy Fund II (NYSE:PFN) by 17.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 325,827 shares of the financial services provider’s stock after buying an additional 49,293 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in PIMCO Income Strategy Fund II were worth $2,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of PFN. International Assets Investment Management LLC grew its position in PIMCO Income Strategy Fund II by 662.0% in the third quarter. International Assets Investment Management LLC now owns 7,620 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 6,620 shares in the last quarter. Keudell Morrison Wealth Management purchased a new position in PIMCO Income Strategy Fund II during the 2nd quarter worth $134,000. First Foundation Advisors raised its position in PIMCO Income Strategy Fund II by 18.8% during the 2nd quarter. First Foundation Advisors now owns 20,863 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 3,306 shares in the last quarter. Ameritas Advisory Services LLC lifted its holdings in shares of PIMCO Income Strategy Fund II by 21.8% in the 2nd quarter. Ameritas Advisory Services LLC now owns 29,189 shares of the financial services provider’s stock worth $209,000 after buying an additional 5,215 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of PIMCO Income Strategy Fund II in the second quarter valued at about $287,000.

PIMCO Income Strategy Fund II Price Performance

NYSE PFN opened at $7.50 on Monday. The company’s 50-day simple moving average is $7.54 and its two-hundred day simple moving average is $7.37. PIMCO Income Strategy Fund II has a one year low of $6.80 and a one year high of $7.76.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.0718 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.86 dividend on an annualized basis and a yield of 11.49%.

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.