Professional Financial Management Inc. Acquires 123,238 Shares of PIMCO Municipal Income Fund II $PML

Professional Financial Management Inc. bought a new stake in PIMCO Municipal Income Fund II (NYSE:PML) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 123,238 shares of the investment management company’s stock, valued at approximately $810,000. PIMCO Municipal Income Fund II accounts for approximately 0.8% of Professional Financial Management Inc.’s portfolio, making the stock its 19th biggest holding.

Several other institutional investors also recently made changes to their positions in PML. ACT Advisors LLC. acquired a new position in shares of PIMCO Municipal Income Fund II during the 3rd quarter worth $147,000. Williams & Novak Wealth Management LLC increased its holdings in shares of PIMCO Municipal Income Fund II by 48.6% in the 3rd quarter. Williams & Novak Wealth Management LLC now owns 503,025 shares of the investment management company’s stock valued at $3,305,000 after purchasing an additional 164,500 shares in the last quarter. Integrated Capital Management Inc. increased its holdings in shares of PIMCO Municipal Income Fund II by 6.3% in the 3rd quarter. Integrated Capital Management Inc. now owns 61,468 shares of the investment management company’s stock valued at $404,000 after purchasing an additional 3,627 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of PIMCO Municipal Income Fund II by 360.8% in the third quarter. Farther Finance Advisors LLC now owns 20,277 shares of the investment management company’s stock valued at $133,000 after purchasing an additional 15,877 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of PIMCO Municipal Income Fund II by 17.1% in the second quarter. Envestnet Asset Management Inc. now owns 924,063 shares of the investment management company’s stock valued at $7,032,000 after purchasing an additional 134,705 shares during the period.

PIMCO Municipal Income Fund II Price Performance

PML stock opened at $6.82 on Friday. PIMCO Municipal Income Fund II has a 52 week low of $6.39 and a 52 week high of $8.01. The company’s 50-day moving average price is $6.92 and its 200 day moving average price is $7.29.

PIMCO Municipal Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Tuesday, October 13th will be issued a $0.0395 dividend. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $0.47 dividend on an annualized basis and a yield of 7.0%.

About PIMCO Municipal Income Fund II

PIMCO Municipal Income Fund II (NYSE: PML) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO), an investment management firm specializing in fixed income and other asset classes. The fund is designed to provide investors with access to a professionally managed portfolio of municipal securities.

PML’s primary investment objective is to seek current income that is exempt from regular U.S. federal income tax. The fund generally invests in bonds and other debt obligations issued by states, municipalities, and other governmental entities throughout the United States.