Private Trust Co. NA Has $660,000 Position in PIMCO Income Strategy Fund II (NYSE:PFN)

Posted by Defense World Staff on Mar 26th, 2023

Private Trust Co. NA grew its holdings in shares of PIMCO Income Strategy Fund II (NYSE:PFN – Get Rating) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,382 shares of the financial services provider’s stock after acquiring an additional 4,445 shares during the period. Private Trust Co. NA’s holdings in PIMCO Income Strategy Fund II were worth $660,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PFN. Shaker Financial Services LLC bought a new stake in PIMCO Income Strategy Fund II in the third quarter worth approximately $1,518,000. Royal Bank of Canada lifted its position in shares of PIMCO Income Strategy Fund II by 65.5% during the 1st quarter. Royal Bank of Canada now owns 432,948 shares of the financial services provider’s stock valued at $3,758,000 after acquiring an additional 171,300 shares during the period. Rivernorth Capital Management LLC acquired a new position in shares of PIMCO Income Strategy Fund II during the 1st quarter valued at $834,000. Baird Financial Group Inc. boosted its position in shares of PIMCO Income Strategy Fund II by 275.8% during the 1st quarter. Baird Financial Group Inc. now owns 86,632 shares of the financial services provider’s stock worth $752,000 after purchasing an additional 63,582 shares in the last quarter. Finally, OTA Financial Group L.P. bought a new position in shares of PIMCO Income Strategy Fund II during the 3rd quarter worth about $337,000.

PIMCO Income Strategy Fund II Price Performance

Shares of PIMCO Income Strategy Fund II stock opened at $7.05 on Friday. The stock has a 50 day moving average price of $7.53 and a two-hundred day moving average price of $7.37. PIMCO Income Strategy Fund II has a 52 week low of $6.73 and a 52 week high of $8.95.

PIMCO Income Strategy Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, April 3rd. Investors of record on Monday, March 13th will be issued a $0.072 dividend. The ex-dividend date is Friday, March 10th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 12.26%.

About PIMCO Income Strategy Fund II

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PIMCO Income Strategy Fund II operates as a closed end investment trust. It engages in the provision of current income, consistent with the preservation of capital. The company was founded on October 29, 2004 and is headquartered in New York, NY.