Wells Fargo & Company MN Buys 114,762 Shares of PIMCO Municipal Income Fund II (NYSE:PML)

Wells Fargo & Company MN grew its stake in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 12.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,058,647 shares of the investment management company’s stock after purchasing an additional 114,762 shares during the quarter. Wells Fargo & Company MN’s holdings in PIMCO Municipal Income Fund II were worth $8,564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Landscape Capital Management L.L.C. increased its holdings in PIMCO Municipal Income Fund II by 120.7% during the fourth quarter. Landscape Capital Management L.L.C. now owns 41,242 shares of the investment management company’s stock worth $334,000 after buying an additional 22,557 shares during the last quarter. Selway Asset Management acquired a new position in shares of PIMCO Municipal Income Fund II during the 4th quarter worth about $121,000. StoneX Group Inc. acquired a new position in shares of PIMCO Municipal Income Fund II during the 4th quarter worth about $978,000. LPL Financial LLC raised its holdings in shares of PIMCO Municipal Income Fund II by 13.0% in the 4th quarter. LPL Financial LLC now owns 75,969 shares of the investment management company’s stock valued at $615,000 after purchasing an additional 8,731 shares during the period. Finally, Parallel Advisors LLC lifted its stake in PIMCO Municipal Income Fund II by 84.9% in the 4th quarter. Parallel Advisors LLC now owns 197,093 shares of the investment management company’s stock valued at $1,594,000 after purchasing an additional 90,518 shares during the last quarter.

PIMCO Municipal Income Fund II Trading Up 0.5 %

PIMCO Municipal Income Fund II stock opened at $7.52 on Friday. The stock has a 50-day simple moving average of $8.13 and a 200 day simple moving average of $8.45. PIMCO Municipal Income Fund II has a 52 week low of $7.12 and a 52 week high of $9.52.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Friday, April 11th will be issued a dividend of $0.0395 per share. This represents a $0.47 dividend on an annualized basis and a dividend yield of 6.31%. The ex-dividend date of this dividend is Friday, April 11th.

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.