Van ECK Associates Corp Sells 14,713 Shares of PIMCO Municipal Income Fund II (NYSE:PML)

Van ECK Associates Corp lowered its holdings in PIMCO Municipal Income Fund II (NYSE:PML) by 4.7% in the fourth quarter, Holdings Channel reports. The firm owned 301,028 shares of the investment management company’s stock after selling 14,713 shares during the quarter. Van ECK Associates Corp’s holdings in PIMCO Municipal Income Fund II were worth $2,435,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PML. Kingsview Wealth Management LLC bought a new position in PIMCO Municipal Income Fund II in the fourth quarter valued at $88,000. International Assets Investment Management LLC grew its position in shares of PIMCO Municipal Income Fund II by 852.0% in the 3rd quarter. International Assets Investment Management LLC now owns 11,529 shares of the investment management company’s stock valued at $108,000 after acquiring an additional 10,318 shares during the period. Horizon Kinetics Asset Management LLC grew its position in shares of PIMCO Municipal Income Fund II by 55.0% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 23,325 shares of the investment management company’s stock valued at $219,000 after acquiring an additional 8,275 shares during the period. Wealth Alliance Advisory Group LLC bought a new position in shares of PIMCO Municipal Income Fund II in the 4th quarter valued at about $254,000. Finally, Fortitude Family Office LLC bought a new position in shares of PIMCO Municipal Income Fund II in the 3rd quarter valued at about $276,000.

PIMCO Municipal Income Fund II Price Performance

Shares of PML opened at $8.51 on Friday. The firm has a 50-day moving average of $8.26 and a 200-day moving average of $8.69. PIMCO Municipal Income Fund II has a one year low of $7.94 and a one year high of $9.52.

PIMCO Municipal Income Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th will be given a $0.0395 dividend. This represents a $0.47 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date is Thursday, February 13th.

PIMCO Municipal Income Fund II Company 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.