Wealth Alliance Advisory Group LLC Buys New Holdings in PIMCO Municipal Income Fund II (NYSE:PML)

Wealth Alliance Advisory Group LLC purchased a new position in shares of PIMCO Municipal Income Fund II (NYSE:PML) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 31,400 shares of the investment management company’s stock, valued at approximately $254,000.

A number of other institutional investors have also recently made changes to their positions in PML. Hennion & Walsh Asset Management Inc. raised its holdings in 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 buying an additional 580,662 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of PIMCO Municipal Income Fund II by 9.0% during the third quarter. Van ECK Associates Corp now owns 315,741 shares of the investment management company’s stock valued at $2,835,000 after acquiring an additional 25,956 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of PIMCO Municipal Income Fund II by 3.8% during the second quarter. Envestnet Asset Management Inc. now owns 313,865 shares of the investment management company’s stock worth $2,677,000 after purchasing an additional 11,602 shares during the period. Cetera Investment Advisers grew its stake in shares of PIMCO Municipal Income Fund II by 3.4% in the second quarter. Cetera Investment Advisers now owns 206,654 shares of the investment management company’s stock worth $1,763,000 after purchasing an additional 6,749 shares during the last quarter. Finally, Traynor Capital Management Inc. increased its holdings in PIMCO Municipal Income Fund II by 10.6% during the 3rd quarter. Traynor Capital Management Inc. now owns 145,847 shares of the investment management company’s stock valued at $1,370,000 after purchasing an additional 13,949 shares during the period.

PIMCO Municipal Income Fund II Trading Up 0.2 %

Shares of PML stock opened at $8.16 on Friday. PIMCO Municipal Income Fund II has a fifty-two week low of $7.94 and a fifty-two week high of $9.52. The business’s 50 day moving average price is $8.43 and its 200-day moving average price is $8.71.

PIMCO Municipal Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th will be given a $0.0395 dividend. The ex-dividend date of this dividend is Monday, January 13th. This represents a $0.47 annualized dividend and a dividend yield of 5.81%.

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.