RFG Advisory LLC Acquires Shares of 11,148 PIMCO Municipal Income Fund II (NYSE:PML)

RFG Advisory LLC acquired a new stake in shares of PIMCO Municipal Income Fund II (NYSE:PML) in the first quarter, HoldingsChannel.com reports. The firm acquired 11,148 shares of the investment management company’s stock, valued at approximately $95,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Allen Mooney & Barnes Investment Advisors LLC boosted its holdings in shares of PIMCO Municipal Income Fund II by 1.5% during the 4th quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 102,596 shares of the investment management company’s stock valued at $852,000 after acquiring an additional 1,511 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of PIMCO Municipal Income Fund II by 3.6% during the 4th quarter. Raymond James & Associates now owns 121,792 shares of the investment management company’s stock valued at $1,011,000 after acquiring an additional 4,223 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in shares of PIMCO Municipal Income Fund II by 52.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 22,861 shares of the investment management company’s stock worth $190,000 after buying an additional 7,817 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of PIMCO Municipal Income Fund II by 742.7% in the fourth quarter. International Assets Investment Management LLC now owns 9,775 shares of the investment management company’s stock worth $81,000 after buying an additional 8,615 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of PIMCO Municipal Income Fund II in the fourth quarter worth approximately $83,000.

PIMCO Municipal Income Fund II Price Performance

PML opened at $8.53 on Thursday. The company’s 50 day moving average is $8.40 and its 200 day moving average is $8.40. PIMCO Municipal Income Fund II has a 12-month low of $6.92 and a 12-month high of $9.45.

PIMCO Municipal Income Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, June 13th will be issued a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date is Thursday, June 13th.

PIMCO Municipal Income Fund II Profile

PIMCO Municipal Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets. The fund invests in stocks of companies operating across diversified sectors.