Kingsview Wealth Management LLC Invests $88,000 in PIMCO Municipal Income Fund II (NYSE:PML)

Kingsview Wealth Management LLC purchased a new stake in PIMCO Municipal Income Fund II (NYSE:PML) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,925 shares of the investment management company’s stock, valued at approximately $88,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PML. Hennion & Walsh Asset Management Inc. raised its position in PIMCO Municipal Income Fund II by 89.2% in 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 during the last quarter. Wealth Alliance Advisory Group LLC purchased a new stake in PIMCO Municipal Income Fund II in the 4th quarter valued at $254,000. Sanctuary Advisors LLC purchased a new stake in PIMCO Municipal Income Fund II in the 2nd quarter valued at $251,000. Fortitude Family Office LLC purchased a new stake in PIMCO Municipal Income Fund II in the 3rd quarter valued at $276,000. Finally, Van ECK Associates Corp raised its position in PIMCO Municipal Income Fund II by 9.0% in the 3rd quarter. Van ECK Associates Corp now owns 315,741 shares of the investment management company’s stock valued at $2,835,000 after purchasing an additional 25,956 shares during the last quarter.

PIMCO Municipal Income Fund II Trading Up 1.1 %

PML stock opened at $8.50 on Friday. The company has a fifty day moving average price of $8.27 and a 200 day moving average price of $8.69. PIMCO Municipal Income Fund II has a 12 month low of $7.94 and a 12 month high of $9.52.

PIMCO Municipal Income Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be given a dividend of $0.0395 per share. The ex-dividend date is Thursday, February 13th. This represents a $0.47 dividend on an annualized basis and a yield of 5.58%.

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.