Synovus Financial Corp Sells 50,898 Shares of PIMCO Income Strategy Fund II (NYSE:PFN)

Synovus Financial Corp decreased its stake in shares of PIMCO Income Strategy Fund II (NYSE:PFN) by 54.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 43,282 shares of the financial services provider’s stock after selling 50,898 shares during the quarter. Synovus Financial Corp’s holdings in PIMCO Income Strategy Fund II were worth $322,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Stifel Financial Corp increased its stake in PIMCO Income Strategy Fund II by 23.2% during the third quarter. Stifel Financial Corp now owns 94,524 shares of the financial services provider’s stock valued at $720,000 after acquiring an additional 17,773 shares during the period. Avantax Advisory Services Inc. acquired a new stake in shares of PIMCO Income Strategy Fund II during the 4th quarter worth approximately $87,000. Stratos Wealth Partners LTD. increased its position in shares of PIMCO Income Strategy Fund II by 22.1% during the fourth quarter. Stratos Wealth Partners LTD. now owns 124,667 shares of the financial services provider’s stock valued at $929,000 after purchasing an additional 22,597 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of PIMCO Income Strategy Fund II by 32.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 99,000 shares of the financial services provider’s stock valued at $737,000 after purchasing an additional 24,000 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in PIMCO Income Strategy Fund II in the fourth quarter worth $3,445,000.

PIMCO Income Strategy Fund II Price Performance

Shares of PIMCO Income Strategy Fund II stock opened at $7.07 on Friday. PIMCO Income Strategy Fund II has a 52-week low of $6.26 and a 52-week high of $7.77. The company’s fifty day moving average price is $7.43 and its two-hundred day moving average price is $7.48.

PIMCO Income Strategy Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Friday, April 11th will be given a $0.0718 dividend. This represents a $0.86 annualized dividend and a yield of 12.20%. The ex-dividend date of this dividend is Friday, April 11th.

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.