PIMCO Municipal Income Fund II (NYSE:PML) Shares Sold by NINE MASTS CAPITAL Ltd

NINE MASTS CAPITAL Ltd lessened its holdings in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 40.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,740 shares of the investment management company’s stock after selling 92,710 shares during the period. NINE MASTS CAPITAL Ltd’s holdings in PIMCO Municipal Income Fund II were worth $1,166,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CENTRAL TRUST Co bought a new stake in PIMCO Municipal Income Fund II during the 1st quarter valued at $26,000. River Street Advisors LLC acquired a new stake in PIMCO Municipal Income Fund II in the first quarter worth about $93,000. RFG Advisory LLC acquired a new position in PIMCO Municipal Income Fund II during the 1st quarter valued at about $95,000. All Season Financial Advisors Inc. bought a new stake in shares of PIMCO Municipal Income Fund II during the 2nd quarter worth about $158,000. Finally, Integrated Capital Management Inc. lifted its stake in shares of PIMCO Municipal Income Fund II by 9.3% in the 1st quarter. Integrated Capital Management Inc. now owns 22,701 shares of the investment management company’s stock worth $193,000 after acquiring an additional 1,940 shares during the period.

PIMCO Municipal Income Fund II Trading Up 2.1 %

PIMCO Municipal Income Fund II stock opened at $9.14 on Thursday. PIMCO Municipal Income Fund II has a 12-month low of $6.92 and a 12-month high of $9.15. The firm has a 50 day simple moving average of $8.64 and a 200-day simple moving average of $8.50.

PIMCO Municipal Income Fund II Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a dividend of $0.0395 per share. This represents a $0.47 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date is Friday, September 13th.

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.