Moody National Bank Trust Division Sells 3,098 Shares of PIMCO Municipal Income Fund II (NYSE:PML)

Moody National Bank Trust Division decreased its stake in PIMCO Municipal Income Fund II (NYSE:PML) by 22.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,760 shares of the investment management company’s stock after selling 3,098 shares during the period. Moody National Bank Trust Division’s holdings in PIMCO Municipal Income Fund II were worth $91,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wolverine Asset Management LLC bought a new position in shares of PIMCO Municipal Income Fund II in the 3rd quarter worth $65,000. International Assets Investment Management LLC grew its holdings in shares of PIMCO Municipal Income Fund II by 742.7% during the 4th quarter. International Assets Investment Management LLC now owns 9,775 shares of the investment management company’s stock valued at $81,000 after purchasing an additional 8,615 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of PIMCO Municipal Income Fund II during the 4th quarter valued at $83,000. Atria Wealth Solutions Inc. grew its holdings in shares of PIMCO Municipal Income Fund II by 14.8% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 15,044 shares of the investment management company’s stock valued at $116,000 after purchasing an additional 1,944 shares during the last quarter. Finally, Integrated Capital Management Inc. bought a new position in shares of PIMCO Municipal Income Fund II during the 4th quarter valued at $172,000.

PIMCO Municipal Income Fund II Stock Down 0.2 %

PML stock opened at $8.55 on Thursday. PIMCO Municipal Income Fund II has a 52 week low of $6.92 and a 52 week high of $9.45. The firm’s fifty day moving average is $8.39 and its 200 day moving average is $8.39.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, June 13th will be issued a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a dividend yield of 5.61%. The ex-dividend date of this dividend 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.