HighTower Advisors LLC Has $1.25 Million Position in PIMCO Municipal Income Fund II (NYSE:PML)

HighTower Advisors LLC decreased its stake in PIMCO Municipal Income Fund II (NYSE:PML) by 16.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 154,885 shares of the investment management company’s stock after selling 29,533 shares during the period. HighTower Advisors LLC’s holdings in PIMCO Municipal Income Fund II were worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in PML. Kingsview Wealth Management LLC bought a new stake in PIMCO Municipal Income Fund II in the fourth quarter valued at approximately $88,000. Permanent Capital Management LP bought a new stake in shares of PIMCO Municipal Income Fund II in the 4th quarter valued at $90,000. Wolverine Asset Management LLC bought a new stake in shares of PIMCO Municipal Income Fund II in the 4th quarter valued at $92,000. Noble Wealth Management PBC acquired a new stake in shares of PIMCO Municipal Income Fund II during the fourth quarter worth $105,000. Finally, Natural Investments LLC bought a new position in PIMCO Municipal Income Fund II during the fourth quarter worth $195,000.

PIMCO Municipal Income Fund II Stock Performance

PML stock opened at $8.13 on Wednesday. The company’s fifty day simple moving average is $8.36 and its 200 day simple moving average is $8.63. PIMCO Municipal Income Fund II has a 12-month low of $7.94 and a 12-month high of $9.52.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be given a dividend of $0.0395 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.47 annualized dividend and a dividend yield of 5.83%.

About PIMCO Municipal Income Fund II

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.