84,212 Shares in PIMCO Municipal Income Fund II (NYSE:PML) Purchased by Weiss Asset Management LP

Weiss Asset Management LP bought a new position in PIMCO Municipal Income Fund II (NYSE:PMLFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 84,212 shares of the investment management company’s stock, valued at approximately $699,000.

A number of other hedge funds also recently made changes to their positions in the company. Avantax Advisory Services Inc. grew its stake in shares of PIMCO Municipal Income Fund II by 24.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 78,247 shares of the investment management company’s stock valued at $649,000 after buying an additional 15,356 shares during the last quarter. Spire Wealth Management bought a new position in PIMCO Municipal Income Fund II in the fourth quarter worth approximately $207,000. Van ECK Associates Corp grew its stake in PIMCO Municipal Income Fund II by 62.2% in the fourth quarter. Van ECK Associates Corp now owns 427,109 shares of the investment management company’s stock worth $3,545,000 after purchasing an additional 163,712 shares in the last quarter. Atria Wealth Solutions Inc. grew its stake in PIMCO Municipal Income Fund II by 52.0% in the fourth 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. Finally, Wolverine Asset Management LLC grew its stake in PIMCO Municipal Income Fund II by 817.6% in the fourth quarter. Wolverine Asset Management LLC now owns 77,515 shares of the investment management company’s stock worth $643,000 after purchasing an additional 69,067 shares in the last quarter.

PIMCO Municipal Income Fund II Stock Down 0.1 %

NYSE:PML traded down $0.01 during midday trading on Wednesday, hitting $8.32. The stock had a trading volume of 232,363 shares, compared to its average volume of 177,028. PIMCO Municipal Income Fund II has a one year low of $6.92 and a one year high of $9.45. The stock has a 50-day moving average of $8.35 and a 200 day moving average of $8.33.

PIMCO Municipal Income Fund II Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.48 annualized dividend and a yield of 5.77%. This is a boost from PIMCO Municipal Income Fund II’s previous monthly dividend of $0.04.

PIMCO Municipal Income Fund II Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PIMCO Municipal Income Fund II (NYSE:PML)

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