Beta Wealth Group Inc. Sells 302,651 Shares of PIMCO Municipal Income Fund II (NYSE:PML)

Beta Wealth Group Inc. decreased its position in shares of PIMCO Municipal Income Fund II (NYSE:PMLFree Report) by 82.6% in the 4th quarter, HoldingsChannel reports. The firm owned 63,725 shares of the investment management company’s stock after selling 302,651 shares during the quarter. Beta Wealth Group Inc.’s holdings in PIMCO Municipal Income Fund II were worth $529,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Fiera Capital Corp lifted its holdings in shares of PIMCO Municipal Income Fund II by 2.5% in the third quarter. Fiera Capital Corp now owns 988,696 shares of the investment management company’s stock worth $7,603,000 after acquiring an additional 24,209 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of PIMCO Municipal Income Fund II by 62.2% in the fourth quarter. Van ECK Associates Corp now owns 427,109 shares of the investment management company’s stock worth $3,545,000 after acquiring an additional 163,712 shares during the last quarter. Stifel Financial Corp raised its holdings in PIMCO Municipal Income Fund II by 4.4% in the 3rd quarter. Stifel Financial Corp now owns 304,027 shares of the investment management company’s stock valued at $2,338,000 after buying an additional 12,819 shares during the last quarter. Ackerman Capital Advisors LLC raised its holdings in PIMCO Municipal Income Fund II by 225.2% in the 4th quarter. Ackerman Capital Advisors LLC now owns 164,156 shares of the investment management company’s stock valued at $1,362,000 after buying an additional 113,677 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in PIMCO Municipal Income Fund II by 9.3% in the 3rd quarter. HighTower Advisors LLC now owns 140,714 shares of the investment management company’s stock valued at $1,082,000 after buying an additional 11,950 shares during the last quarter.

PIMCO Municipal Income Fund II Stock Down 0.2 %

NYSE PML traded down $0.02 during trading hours on Friday, reaching $8.31. The company’s stock had a trading volume of 133,903 shares, compared to its average volume of 176,281. The firm has a fifty day simple moving average of $8.36 and a 200-day simple moving average of $8.32. PIMCO Municipal Income Fund II has a 52 week low of $6.92 and a 52 week high of $9.45.

PIMCO Municipal Income Fund II Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be issued a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from PIMCO Municipal Income Fund II’s previous monthly dividend of $0.04.

PIMCO Municipal Income Fund II Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PIMCO Municipal Income Fund II (NYSE:PML)

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