Atria Wealth Solutions Inc. Boosts Stake in PIMCO Municipal Income Fund II (NYSE:PML)

Atria Wealth Solutions Inc. lifted its holdings in PIMCO Municipal Income Fund II (NYSE:PML) by 11.2% in the 1st quarter, Holdings Channel reports. The firm owned 81,160 shares of the investment management company’s stock after acquiring an additional 8,169 shares during the period. Atria Wealth Solutions Inc.’s holdings in PIMCO Municipal Income Fund II were worth $658,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. boosted its holdings in PIMCO Municipal Income Fund II by 18.2% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 1,455,959 shares of the investment management company’s stock worth $11,793,000 after purchasing an additional 224,221 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in PIMCO Municipal Income Fund II by 12.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,058,647 shares of the investment management company’s stock worth $8,564,000 after purchasing an additional 114,762 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in PIMCO Municipal Income Fund II by 88.0% in the fourth quarter. Guggenheim Capital LLC now owns 711,202 shares of the investment management company’s stock worth $5,754,000 after purchasing an additional 332,807 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings 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 during the last quarter. Finally, Ellis Investment Partners LLC increased its position in PIMCO Municipal Income Fund II by 5.5% during the first quarter. Ellis Investment Partners LLC now owns 356,095 shares of the investment management company’s stock valued at $2,884,000 after acquiring an additional 18,688 shares during the last quarter.

PIMCO Municipal Income Fund II Trading Down 0.3%

PIMCO Municipal Income Fund II stock opened at $7.17 on Wednesday. PIMCO Municipal Income Fund II has a one year low of $7.11 and a one year high of $9.52. The stock has a fifty day moving average of $7.32 and a 200 day moving average of $7.75.

PIMCO Municipal Income Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be given a dividend of $0.0395 per share. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Monday, August 11th.

Insider Buying and Selling

In related news, major shareholder Of America Corp /De/ Bank sold 18,208 shares of the company’s stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $7.42, for a total transaction of $135,103.36. Following the completion of the sale, the insider owned 12,240 shares in the company, valued at approximately $90,820.80. This represents a 59.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.