Noble Wealth Management PBC Invests $2.47 Million in PIMCO Income Strategy Fund II (NYSE:PFN)

Noble Wealth Management PBC acquired a new position in PIMCO Income Strategy Fund II (NYSE:PFN) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 331,735 shares of the financial services provider’s stock, valued at approximately $2,471,000. PIMCO Income Strategy Fund II makes up 1.7% of Noble Wealth Management PBC’s holdings, making the stock its 13th largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Main Street Financial Solutions LLC raised its stake in shares of PIMCO Income Strategy Fund II by 3.0% in the 3rd quarter. Main Street Financial Solutions LLC now owns 47,257 shares of the financial services provider’s stock worth $360,000 after buying an additional 1,355 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of PIMCO Income Strategy Fund II by 5.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 41,681 shares of the financial services provider’s stock worth $312,000 after buying an additional 1,971 shares in the last quarter. GPS Wealth Strategies Group LLC raised its stake in shares of PIMCO Income Strategy Fund II by 114.2% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 4,069 shares of the financial services provider’s stock worth $30,000 after buying an additional 2,169 shares in the last quarter. Atomi Financial Group Inc. raised its stake in shares of PIMCO Income Strategy Fund II by 6.5% in the 4th quarter. Atomi Financial Group Inc. now owns 50,975 shares of the financial services provider’s stock worth $380,000 after buying an additional 3,122 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of PIMCO Income Strategy Fund II by 2.8% in the 4th quarter. Private Trust Co. NA now owns 186,705 shares of the financial services provider’s stock worth $1,391,000 after acquiring an additional 5,045 shares during the last quarter.

PIMCO Income Strategy Fund II Stock Performance

Shares of NYSE PFN opened at $7.58 on Friday. The stock’s fifty day simple moving average is $7.50 and its 200 day simple moving average is $7.49. PIMCO Income Strategy Fund II has a 52-week low of $6.96 and a 52-week high of $7.76.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be issued a $0.0718 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 11.37%. The ex-dividend date of this dividend is Thursday, February 13th.

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.