Mercer Global Advisors Inc. ADV grew its stake in PIMCO Municipal Income Fund II (NYSE:PML – Free Report) by 6.6% during the second quarter, HoldingsChannel reports. The firm owned 21,166 shares of the investment management company’s stock after buying an additional 1,307 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in PIMCO Municipal Income Fund II were worth $181,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in PML. Hennion & Walsh Asset Management Inc. acquired a new position in PIMCO Municipal Income Fund II in the second quarter valued at approximately $3,424,000. Cetera Investment Advisers increased its position in shares of PIMCO Municipal Income Fund II by 375.7% during the first quarter. Cetera Investment Advisers now owns 199,905 shares of the investment management company’s stock valued at $1,699,000 after acquiring an additional 157,882 shares during the last quarter. Parallel Advisors LLC purchased a new position in PIMCO Municipal Income Fund II in the second quarter worth $909,000. Cove Private Wealth LLC bought a new position in PIMCO Municipal Income Fund II in the 4th quarter valued at $304,000. Finally, Nomura Holdings Inc. purchased a new stake in shares of PIMCO Municipal Income Fund II during the 4th quarter valued at $272,000.
PIMCO Municipal Income Fund II Trading Up 1.4 %
NYSE PML opened at $9.52 on Wednesday. The business’s fifty day moving average is $8.82 and its 200-day moving average is $8.57. PIMCO Municipal Income Fund II has a one year low of $6.92 and a one year high of $9.52.
PIMCO Municipal Income Fund II Cuts Dividend
About PIMCO Municipal Income Fund II
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.
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Want to see what other hedge funds are holding PML? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PIMCO Municipal Income Fund II (NYSE:PML – Free Report).
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