PIMCO Municipal Income Fund II (NYSE:PML) Stake Lessened by Commerce Bank

Commerce Bank lessened its stake in PIMCO Municipal Income Fund II (NYSE:PML) by 17.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,891 shares of the investment management company’s stock after selling 2,854 shares during the period. Commerce Bank’s holdings in PIMCO Municipal Income Fund II were worth $130,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stewardship Advisors LLC bought a new stake in shares of PIMCO Municipal Income Fund II in the third quarter worth $103,000. TPG Advisors LLC acquired a new position in PIMCO Municipal Income Fund II in the second quarter worth $96,000. International Assets Investment Management LLC boosted its holdings in PIMCO Municipal Income Fund II by 852.0% in the third quarter. International Assets Investment Management LLC now owns 11,529 shares of the investment management company’s stock worth $108,000 after purchasing an additional 10,318 shares during the period. All Season Financial Advisors Inc. acquired a new position in PIMCO Municipal Income Fund II in the second quarter worth $158,000. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in PIMCO Municipal Income Fund II by 6.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 21,166 shares of the investment management company’s stock worth $181,000 after purchasing an additional 1,307 shares during the period.

PIMCO Municipal Income Fund II Stock Up 1.4 %

PIMCO Municipal Income Fund II stock opened at $8.79 on Thursday. The company has a fifty day moving average price of $9.04 and a two-hundred day moving average price of $8.76. PIMCO Municipal Income Fund II has a 12 month low of $7.98 and a 12 month high of $9.52.

PIMCO Municipal Income Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be issued a $0.0395 dividend. This represents a $0.47 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date is Tuesday, November 12th.

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.