Pimco Income Strategy Fund II (NYSE:PFN) Shares Sold by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC reduced its stake in shares of Pimco Income Strategy Fund II (NYSE:PFN) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 452,924 shares of the financial services provider’s stock after selling 20,171 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Pimco Income Strategy Fund II were worth $3,433,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its holdings in Pimco Income Strategy Fund II by 3.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 359,513 shares of the financial services provider’s stock worth $2,725,000 after acquiring an additional 10,438 shares in the last quarter. National Asset Management Inc. grew its holdings in Pimco Income Strategy Fund II by 28.1% during the 1st quarter. National Asset Management Inc. now owns 329,198 shares of the financial services provider’s stock worth $2,496,000 after acquiring an additional 72,138 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Pimco Income Strategy Fund II by 1,146.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 230,930 shares of the financial services provider’s stock worth $1,750,000 after acquiring an additional 212,405 shares in the last quarter. Shaker Financial Services LLC acquired a new position in Pimco Income Strategy Fund II during the 1st quarter worth $1,012,000. Finally, Mid Atlantic Financial Management Inc. ADV grew its holdings in Pimco Income Strategy Fund II by 3.9% during the 1st quarter. Mid Atlantic Financial Management Inc. ADV now owns 102,025 shares of the financial services provider’s stock worth $773,000 after acquiring an additional 3,810 shares in the last quarter.

PFN stock traded up $0.17 during mid-day trading on Wednesday, hitting $8.92. 240,581 shares of the company were exchanged, compared to its average volume of 433,165. The firm has a fifty day simple moving average of $8.03 and a 200 day simple moving average of $9.47. Pimco Income Strategy Fund II has a twelve month low of $5.00 and a twelve month high of $10.93.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be given a $0.08 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.76%.

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.

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Institutional Ownership by Quarter for Pimco Income Strategy Fund II (NYSE:PFN)

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