River Street Advisors LLC Grows Stock Holdings in PIMCO Municipal Income Fund II $PML

River Street Advisors LLC lifted its stake in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 59.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,394 shares of the investment management company’s stock after acquiring an additional 6,493 shares during the quarter. River Street Advisors LLC’s holdings in PIMCO Municipal Income Fund II were worth $130,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its stake in PIMCO Municipal Income Fund II by 147.2% in the first quarter. Envestnet Asset Management Inc. now owns 447,712 shares of the investment management company’s stock worth $3,626,000 after purchasing an additional 266,621 shares in the last quarter. Raymond James Financial Inc. raised its position in PIMCO Municipal Income Fund II by 108.0% during the 1st quarter. Raymond James Financial Inc. now owns 378,993 shares of the investment management company’s stock valued at $3,070,000 after purchasing an additional 196,763 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in shares of PIMCO Municipal Income Fund II in the 1st quarter worth $1,534,000. LPL Financial LLC grew its position in shares of PIMCO Municipal Income Fund II by 159.6% during the 1st quarter. LPL Financial LLC now owns 197,238 shares of the investment management company’s stock worth $1,598,000 after buying an additional 121,269 shares in the last quarter. Finally, Cove Private Wealth LLC grew its position in shares of PIMCO Municipal Income Fund II by 305.5% during the 2nd quarter. Cove Private Wealth LLC now owns 148,389 shares of the investment management company’s stock worth $1,105,000 after buying an additional 111,798 shares in the last quarter.

PIMCO Municipal Income Fund II Stock Performance

PML stock opened at $7.88 on Friday. The business has a 50-day moving average price of $7.42 and a 200 day moving average price of $7.50. PIMCO Municipal Income Fund II has a 1-year low of $7.10 and a 1-year high of $9.37.

PIMCO Municipal Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Tuesday, October 14th will be issued a $0.0395 dividend. The ex-dividend date is Tuesday, October 14th. This represents a c) annualized dividend and a dividend yield of 6.0%.

PIMCO Municipal Income Fund II 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.