Keudell Morrison Wealth Management Invests $134,000 in PIMCO Income Strategy Fund II (NYSE:PFN)

Keudell Morrison Wealth Management acquired a new position in shares of PIMCO Income Strategy Fund II (NYSE:PFN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,750 shares of the financial services provider’s stock, valued at approximately $134,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. lifted its position in PIMCO Income Strategy Fund II by 152.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 38,084 shares of the financial services provider’s stock valued at $275,000 after acquiring an additional 22,995 shares in the last quarter. International Assets Investment Management LLC lifted its position in PIMCO Income Strategy Fund II by 623.0% in the 4th quarter. International Assets Investment Management LLC now owns 7,230 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 6,230 shares in the last quarter. Koshinski Asset Management Inc. lifted its position in PIMCO Income Strategy Fund II by 50.5% in the 4th quarter. Koshinski Asset Management Inc. now owns 17,642 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 5,921 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in PIMCO Income Strategy Fund II by 341.9% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 13,700 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 10,600 shares in the last quarter. Finally, TCG Advisory Services LLC lifted its position in shares of PIMCO Income Strategy Fund II by 1.8% during the 4th quarter. TCG Advisory Services LLC now owns 99,659 shares of the financial services provider’s stock worth $721,000 after buying an additional 1,752 shares in the last quarter.

PIMCO Income Strategy Fund II Price Performance

Shares of PIMCO Income Strategy Fund II stock traded up $0.08 during mid-day trading on Thursday, hitting $7.26. 229,503 shares of the stock were exchanged, compared to its average volume of 285,708. The company has a 50-day simple moving average of $7.20 and a 200 day simple moving average of $7.31. PIMCO Income Strategy Fund II has a 12 month low of $5.93 and a 12 month high of $7.58.

PIMCO Income Strategy Fund II Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 12th will be paid a $0.072 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 11.90%. This is a positive change from PIMCO Income Strategy Fund II’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Monday, August 12th.

PIMCO Income Strategy Fund II Profile

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.