PIMCO Municipal Income Fund II (NYSE:PML) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC increased its stake in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 852.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 11,529 shares of the investment management company’s stock after purchasing an additional 10,318 shares during the period. International Assets Investment Management LLC’s holdings in PIMCO Municipal Income Fund II were worth $108,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. purchased a new position in shares of PIMCO Municipal Income Fund II during the second quarter worth $3,424,000. Cetera Investment Advisers boosted its holdings in PIMCO Municipal Income Fund II by 375.7% during the 1st quarter. Cetera Investment Advisers now owns 199,905 shares of the investment management company’s stock valued at $1,699,000 after acquiring an additional 157,882 shares during the period. Parallel Advisors LLC purchased a new position in PIMCO Municipal Income Fund II during the 2nd quarter valued at about $909,000. Koshinski Asset Management Inc. grew its position in PIMCO Municipal Income Fund II by 95.1% in the 3rd quarter. Koshinski Asset Management Inc. now owns 93,995 shares of the investment management company’s stock valued at $883,000 after acquiring an additional 45,825 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in PIMCO Municipal Income Fund II during the third quarter worth about $376,000.

PIMCO Municipal Income Fund II Price Performance

NYSE PML opened at $8.96 on Friday. The firm has a 50 day simple moving average of $9.09 and a 200-day simple moving average of $8.70. PIMCO Municipal Income Fund II has a one year low of $7.60 and a one year high of $9.52.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be given a $0.0395 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.47 annualized dividend and a yield of 5.29%.

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.