Park Avenue Securities LLC Sells 6,174 Shares of PIMCO Municipal Income Fund II (NYSE:PML)

Park Avenue Securities LLC lowered its holdings in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,235 shares of the investment management company’s stock after selling 6,174 shares during the quarter. Park Avenue Securities LLC’s holdings in PIMCO Municipal Income Fund II were worth $1,289,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. bought a new stake in PIMCO Municipal Income Fund II during the second quarter worth approximately $3,424,000. Avantax Advisory Services Inc. increased its position in shares of PIMCO Municipal Income Fund II by 10.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 86,550 shares of the investment management company’s stock valued at $736,000 after purchasing an additional 8,303 shares during the last quarter. Cove Private Wealth LLC bought a new position in shares of PIMCO Municipal Income Fund II during the 4th quarter valued at approximately $304,000. RFG Advisory LLC bought a new stake in PIMCO Municipal Income Fund II in the first quarter worth $95,000. Finally, Integrated Capital Management Inc. lifted its position in PIMCO Municipal Income Fund II by 9.3% in the first quarter. Integrated Capital Management Inc. now owns 22,701 shares of the investment management company’s stock worth $193,000 after buying an additional 1,940 shares during the last quarter.

PIMCO Municipal Income Fund II Trading Up 0.5 %

PML stock opened at $9.32 on Wednesday. The firm’s fifty day simple moving average is $8.93 and its two-hundred day simple moving average is $8.61. PIMCO Municipal Income Fund II has a twelve month low of $6.92 and a twelve month high of $9.52.

PIMCO Municipal Income Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 11th will be given a $0.0395 dividend. This represents a $0.47 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend is Friday, October 11th.

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.