River Street Advisors LLC Makes New Investment in PIMCO Municipal Income Fund II (NYSE:PML)

River Street Advisors LLC bought a new stake in shares of PIMCO Municipal Income Fund II (NYSE:PML) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 10,901 shares of the investment management company’s stock, valued at approximately $93,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. International Assets Investment Management LLC boosted its stake in PIMCO Municipal Income Fund II by 742.7% during the fourth quarter. International Assets Investment Management LLC now owns 9,775 shares of the investment management company’s stock valued at $81,000 after buying an additional 8,615 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of PIMCO Municipal Income Fund II in the 4th quarter valued at approximately $83,000. RFG Advisory LLC acquired a new stake in PIMCO Municipal Income Fund II in the 1st quarter valued at approximately $95,000. Integrated Capital Management Inc. acquired a new stake in PIMCO Municipal Income Fund II in the 4th quarter valued at approximately $172,000. Finally, Atria Wealth Solutions Inc. grew its holdings in shares of PIMCO Municipal Income Fund II by 52.0% during the 4th quarter. Atria Wealth Solutions Inc. now owns 22,861 shares of the investment management company’s stock worth $190,000 after purchasing an additional 7,817 shares in the last quarter.

PIMCO Municipal Income Fund II Stock Performance

Shares of NYSE:PML remained flat at $8.53 during trading on Friday. The stock had a trading volume of 227,778 shares, compared to its average volume of 179,354. PIMCO Municipal Income Fund II has a one year low of $6.92 and a one year high of $9.45. The company has a fifty day moving average price of $8.41 and a two-hundred day moving average price of $8.41.

PIMCO Municipal Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, June 13th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.48 annualized dividend and a dividend yield of 5.63%.

PIMCO Municipal Income Fund II 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.