Commonwealth Equity Services LLC Raises Stock Position in PIMCO Municipal Income Fund II (NYSE:PML)

Commonwealth Equity Services LLC grew its holdings in PIMCO Municipal Income Fund II (NYSE:PML) by 15.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,319 shares of the investment management company’s stock after acquiring an additional 6,743 shares during the period. Commonwealth Equity Services LLC’s holdings in PIMCO Municipal Income Fund II were worth $438,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PML. River Street Advisors LLC purchased a new position in shares of PIMCO Municipal Income Fund II in the 1st quarter valued at $93,000. RFG Advisory LLC purchased a new position in shares of PIMCO Municipal Income Fund II in the 1st quarter valued at $95,000. All Season Financial Advisors Inc. purchased a new position in shares of PIMCO Municipal Income Fund II in the 2nd quarter valued at $158,000. Integrated Capital Management Inc. grew its holdings in PIMCO Municipal Income Fund II by 9.3% during the 1st quarter. Integrated Capital Management Inc. now owns 22,701 shares of the investment management company’s stock valued at $193,000 after purchasing an additional 1,940 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in PIMCO Municipal Income Fund II during the 1st quarter valued at $197,000.

PIMCO Municipal Income Fund II Stock Up 0.4 %

PML opened at $9.25 on Friday. The company has a fifty day simple moving average of $8.73 and a 200 day simple moving average of $8.54. PIMCO Municipal Income Fund II has a twelve month low of $6.92 and a twelve month high of $9.25.

PIMCO Municipal Income Fund II Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be issued a dividend of $0.0395 per share. This represents a $0.47 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend is Friday, September 13th.

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.