Sarah E. Cogan Acquires 1,000 Shares of Pimco Income Strategy Fund II (NYSE:PFN) Stock

Posted by on Jan 10th, 2020

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

Shares of Pimco Income Strategy Fund II stock traded down $0.06 on Friday, hitting $10.74. The stock had a trading volume of 170,600 shares, compared to its average volume of 261,571. Pimco Income Strategy Fund II has a 52-week low of $9.67 and a 52-week high of $10.80. The company’s 50 day moving average price is $10.54 and its 200 day moving average price is $10.51.

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, January 10th. This represents a $0.96 dividend on an annualized basis and a yield of 8.94%.

A number of large investors have recently added to or reduced their stakes in PFN. Royal Bank of Canada boosted its stake in Pimco Income Strategy Fund II by 9.7% during the 2nd quarter. Royal Bank of Canada now owns 65,477 shares of the financial services provider’s stock worth $692,000 after purchasing an additional 5,788 shares during the period. CWM LLC acquired a new position in Pimco Income Strategy Fund II in the third quarter valued at $107,000. 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 valued at $173,000 after buying an additional 2,750 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Pimco Income Strategy Fund II by 10.1% in the third quarter. Commonwealth Equity Services LLC now owns 212,226 shares of the financial services provider’s stock valued at $2,192,000 after buying an additional 19,531 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Pimco Income Strategy Fund II by 46.5% in the second quarter. Private Advisor Group LLC now owns 42,010 shares of the financial services provider’s stock valued at $444,000 after buying an additional 13,338 shares during the last quarter.

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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