38,734 Shares in PIMCO Municipal Income Fund II (NYSE:PML) Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp purchased a new stake in PIMCO Municipal Income Fund II (NYSE:PML) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,734 shares of the investment management company’s stock, valued at approximately $313,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. increased its holdings in shares of PIMCO Municipal Income Fund II by 89.2% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,231,738 shares of the investment management company’s stock valued at $9,965,000 after purchasing an additional 580,662 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in PIMCO Municipal Income Fund II by 76.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 72,991 shares of the investment management company’s stock valued at $590,000 after buying an additional 31,670 shares in the last quarter. Wealth Alliance Advisory Group LLC acquired a new position in shares of PIMCO Municipal Income Fund II in the fourth quarter worth about $254,000. Wolverine Asset Management LLC purchased a new stake in shares of PIMCO Municipal Income Fund II during the 4th quarter worth about $92,000. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of PIMCO Municipal Income Fund II during the 4th quarter valued at about $88,000.

PIMCO Municipal Income Fund II Trading Up 0.1 %

Shares of PML stock opened at $8.05 on Friday. PIMCO Municipal Income Fund II has a 12-month low of $7.94 and a 12-month high of $9.52. The business’s 50 day moving average is $8.36 and its two-hundred day moving average is $8.62.

PIMCO Municipal Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.0395 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 5.89%.

PIMCO Municipal Income Fund II Company 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.