Koshinski Asset Management Inc. Boosts Holdings in PIMCO Income Strategy Fund II (NYSE:PFN)

Koshinski Asset Management Inc. lifted its stake in PIMCO Income Strategy Fund II (NYSE:PFN) by 50.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,642 shares of the financial services provider’s stock after buying an additional 5,921 shares during the period. Koshinski Asset Management Inc.’s holdings in PIMCO Income Strategy Fund II were worth $128,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC grew its position in shares of PIMCO Income Strategy Fund II by 623.0% in the 4th quarter. International Assets Investment Management LLC now owns 7,230 shares of the financial services provider’s stock valued at $52,000 after buying an additional 6,230 shares during the last quarter. Stratos Wealth Advisors LLC purchased a new position in shares of PIMCO Income Strategy Fund II in the 4th quarter valued at $135,000. SeaCrest Wealth Management LLC purchased a new position in PIMCO Income Strategy Fund II during the 4th quarter worth $79,000. Raymond James Financial Services Advisors Inc. grew its position in PIMCO Income Strategy Fund II by 152.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 38,084 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 22,995 shares during the last quarter. Finally, CoreCap Advisors LLC grew its position in PIMCO Income Strategy Fund II by 7.5% during the 4th quarter. CoreCap Advisors LLC now owns 86,305 shares of the financial services provider’s stock worth $624,000 after purchasing an additional 5,995 shares during the last quarter.

PIMCO Income Strategy Fund II Price Performance

Shares of PIMCO Income Strategy Fund II stock opened at $7.08 on Wednesday. PIMCO Income Strategy Fund II has a 1 year low of $5.93 and a 1 year high of $7.58. The company’s fifty day moving average is $7.40 and its two-hundred day moving average is $7.09.

PIMCO Income Strategy Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 11th will be given a dividend of $0.0718 per share. This represents a $0.86 annualized dividend and a yield of 12.17%. The ex-dividend date is Wednesday, April 10th.

PIMCO Income Strategy Fund II Company 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.