Koshinski Asset Management Inc. Acquires 45,825 Shares of PIMCO Municipal Income Fund II (NYSE:PML)

Koshinski Asset Management Inc. lifted its holdings in PIMCO Municipal Income Fund II (NYSE:PML) by 95.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 93,995 shares of the investment management company’s stock after buying an additional 45,825 shares during the period. Koshinski Asset Management Inc.’s holdings in PIMCO Municipal Income Fund II were worth $883,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. River Street Advisors LLC bought a new stake in PIMCO Municipal Income Fund II during the first quarter worth approximately $93,000. RFG Advisory LLC bought a new position in shares of PIMCO Municipal Income Fund II during the 1st quarter valued at approximately $95,000. TPG Advisors LLC purchased a new stake in PIMCO Municipal Income Fund II during the 2nd quarter valued at $96,000. All Season Financial Advisors Inc. bought a new stake in PIMCO Municipal Income Fund II in the second quarter worth $158,000. Finally, Mercer Global Advisors Inc. ADV boosted its stake in PIMCO Municipal Income Fund II by 6.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 21,166 shares of the investment management company’s stock worth $181,000 after buying an additional 1,307 shares during the period.

PIMCO Municipal Income Fund II Trading Down 0.4 %

PML stock opened at $9.11 on Tuesday. PIMCO Municipal Income Fund II has a twelve month low of $6.92 and a twelve month high of $9.52. The firm’s fifty day simple moving average is $8.96 and its two-hundred day simple moving average is $8.63.

PIMCO Municipal Income Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 11th will be issued a dividend of $0.0395 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.47 annualized dividend and a yield of 5.20%.

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.