Van ECK Associates Corp Has $2.44 Million Stake in PIMCO Municipal Income Fund II (NYSE:PML)

Van ECK Associates Corp trimmed its stake in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 301,028 shares of the investment management company’s stock after selling 14,713 shares during the period. Van ECK Associates Corp’s holdings in PIMCO Municipal Income Fund II were worth $2,435,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kingsview Wealth Management LLC acquired a new stake in shares of PIMCO Municipal Income Fund II during the fourth quarter worth $88,000. International Assets Investment Management LLC raised its holdings in shares of PIMCO Municipal Income Fund II by 852.0% during the third quarter. International Assets Investment Management LLC now owns 11,529 shares of the investment management company’s stock worth $108,000 after acquiring an additional 10,318 shares during the period. Horizon Kinetics Asset Management LLC raised its holdings in shares of PIMCO Municipal Income Fund II by 55.0% during the third quarter. Horizon Kinetics Asset Management LLC now owns 23,325 shares of the investment management company’s stock worth $219,000 after acquiring an additional 8,275 shares during the period. Fortitude Family Office LLC acquired a new stake in shares of PIMCO Municipal Income Fund II during the third quarter worth $276,000. Finally, Wealth Alliance Advisory Group LLC acquired a new stake in shares of PIMCO Municipal Income Fund II during the fourth quarter worth $254,000.

PIMCO Municipal Income Fund II Stock Performance

Shares of NYSE:PML opened at $8.51 on Friday. PIMCO Municipal Income Fund II has a 12 month low of $7.94 and a 12 month high of $9.52. The company’s fifty day simple moving average is $8.26 and its 200 day simple moving average is $8.69.

PIMCO Municipal Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be given a $0.0395 dividend. This represents a $0.47 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date is Thursday, February 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.