RFG Advisory LLC Purchases New Position in PIMCO Municipal Income Fund II (NYSE:PML)

RFG Advisory LLC bought a new position in shares of PIMCO Municipal Income Fund II (NYSE:PML) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,148 shares of the investment management company’s stock, valued at approximately $95,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Stifel Financial Corp lifted its holdings in shares of PIMCO Municipal Income Fund II by 4.4% during the 3rd quarter. Stifel Financial Corp now owns 304,027 shares of the investment management company’s stock worth $2,338,000 after acquiring an additional 12,819 shares during the period. Allen Mooney & Barnes Investment Advisors LLC bought a new position in PIMCO Municipal Income Fund II in the 3rd quarter valued at approximately $777,000. Integrated Capital Management Inc. bought a new position in PIMCO Municipal Income Fund II in the 4th quarter valued at approximately $172,000. Raymond James & Associates lifted its stake in PIMCO Municipal Income Fund II by 3.6% in the 4th quarter. Raymond James & Associates now owns 121,792 shares of the investment management company’s stock valued at $1,011,000 after purchasing an additional 4,223 shares during the last quarter. Finally, Maltin Wealth Management Inc. bought a new position in PIMCO Municipal Income Fund II in the 4th quarter valued at approximately $249,000.

PIMCO Municipal Income Fund II Price Performance

Shares of NYSE:PML opened at $8.53 on Thursday. The firm has a 50 day simple moving average of $8.40 and a 200 day simple moving average of $8.40. PIMCO Municipal Income Fund II has a one year low of $6.92 and a one year high of $9.45.

PIMCO Municipal Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, June 13th will be given a $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 5.63%. The ex-dividend date is Thursday, June 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.