38,734 Shares in PIMCO Municipal Income Fund II (NYSE:PML) Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp purchased a new stake in PIMCO Municipal Income Fund II (NYSE:PML) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 38,734 shares of the investment management company’s stock, valued at approximately $313,000.

Several other institutional investors also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. raised its holdings in shares of PIMCO Municipal Income Fund II by 89.2% during the fourth 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 acquiring an additional 580,662 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised its stake in PIMCO Municipal Income Fund II by 1.7% in the 4th quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 106,447 shares of the investment management company’s stock valued at $861,000 after purchasing an additional 1,779 shares during the last quarter. Koshinski Asset Management Inc. lifted its holdings in PIMCO Municipal Income Fund II by 3.6% in the 4th quarter. Koshinski Asset Management Inc. now owns 97,395 shares of the investment management company’s stock valued at $788,000 after purchasing an additional 3,400 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in PIMCO Municipal Income Fund II by 76.6% during the 4th quarter. Atria Wealth Solutions Inc. now owns 72,991 shares of the investment management company’s stock worth $590,000 after purchasing an additional 31,670 shares during the last quarter. Finally, Wealth Alliance Advisory Group LLC acquired a new stake in PIMCO Municipal Income Fund II during the 4th quarter worth $254,000.

PIMCO Municipal Income Fund II Trading Up 0.1 %

Shares of NYSE PML opened at $8.05 on Friday. PIMCO Municipal Income Fund II has a 52 week low of $7.94 and a 52 week high of $9.52. The firm has a 50-day simple moving average of $8.36 and a 200-day simple moving average of $8.62.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be paid a $0.0395 dividend. This represents a $0.47 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date of this dividend is Thursday, March 13th.

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.