Wells Fargo & Company MN reduced its stake in shares of Pimco Income Strategy Fund II (NYSE:PFN) by 18.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,532 shares of the financial services provider’s stock after selling 15,167 shares during the quarter. Wells Fargo & Company MN owned about 0.11% of Pimco Income Strategy Fund II worth $705,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of PFN. Private Advisor Group LLC raised its stake in shares of Pimco Income Strategy Fund II by 105.7% during the second quarter. Private Advisor Group LLC now owns 58,314 shares of the financial services provider’s stock valued at $617,000 after purchasing an additional 29,964 shares in the last quarter. National Planning Corp raised its stake in shares of Pimco Income Strategy Fund II by 62.8% during the second quarter. National Planning Corp now owns 25,447 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 9,818 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Pimco Income Strategy Fund II by 16.7% during the second quarter. IFP Advisors Inc now owns 31,468 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 4,493 shares in the last quarter. Wedbush Securities Inc. raised its stake in shares of Pimco Income Strategy Fund II by 4.0% during the second quarter. Wedbush Securities Inc. now owns 60,305 shares of the financial services provider’s stock valued at $630,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Pimco Income Strategy Fund II by 0.7% during the second quarter. Janney Montgomery Scott LLC now owns 86,794 shares of the financial services provider’s stock valued at $906,000 after purchasing an additional 600 shares in the last quarter.

Shares of Pimco Income Strategy Fund II (NYSE:PFN) opened at $10.66 on Thursday. Pimco Income Strategy Fund II has a one year low of $8.76 and a one year high of $10.88.

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be paid a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 9.01%. The ex-dividend date is Friday, November 10th.

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Pimco Income Strategy Fund II Company Profile

PIMCO Income Strategy Fund II (the Fund) is a closed-end management investment company. The Fund’s primary investment objective is to seek high current income, consistent with the preservation of capital. The Fund allocates assets in varying proportions among floating- and fixed-rate debt instruments, as well as among investment grade and non-investment-grade securities.

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

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