Rivernorth Capital Management LLC Purchases 513,824 Shares of PIMCO Income Strategy Fund II (NYSE:PFN)

Rivernorth Capital Management LLC increased its stake in PIMCO Income Strategy Fund II (NYSE:PFN) by 24.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,623,307 shares of the financial services provider’s stock after acquiring an additional 513,824 shares during the quarter. Rivernorth Capital Management LLC’s holdings in PIMCO Income Strategy Fund II were worth $19,990,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PFN. International Assets Investment Management LLC grew its holdings in PIMCO Income Strategy Fund II by 662.0% during the third quarter. International Assets Investment Management LLC now owns 7,620 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 6,620 shares during the period. First Foundation Advisors boosted its position in PIMCO Income Strategy Fund II by 18.8% during the second quarter. First Foundation Advisors now owns 20,863 shares of the financial services provider’s stock valued at $150,000 after buying an additional 3,306 shares during the period. Ameritas Advisory Services LLC grew its position in PIMCO Income Strategy Fund II by 21.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 29,189 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 5,215 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of PIMCO Income Strategy Fund II in the second quarter worth approximately $287,000. Finally, Cetera Advisors LLC boosted its position in PIMCO Income Strategy Fund II by 7.2% during the 1st quarter. Cetera Advisors LLC now owns 41,169 shares of the financial services provider’s stock valued at $307,000 after buying an additional 2,753 shares during the period.

PIMCO Income Strategy Fund II Stock Down 0.1 %

PIMCO Income Strategy Fund II stock opened at $7.48 on Friday. The business’s fifty day moving average is $7.54 and its 200 day moving average is $7.38. PIMCO Income Strategy Fund II has a one year low of $6.92 and a one year high of $7.76.

PIMCO Income Strategy Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.0718 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.86 annualized dividend and a dividend yield of 11.52%.

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.