Mid Atlantic Financial Management Inc. ADV boosted its stake in shares of Pimco Municipal Income Fund II (NYSE:PML) by 6.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,320 shares of the investment management company’s stock after purchasing an additional 900 shares during the quarter. Mid Atlantic Financial Management Inc. ADV’s holdings in Pimco Municipal Income Fund II were worth $206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the stock. Cetera Advisor Networks LLC acquired a new stake in Pimco Municipal Income Fund II in the first quarter worth about $135,000. Aurora Private Wealth Inc. acquired a new stake in Pimco Municipal Income Fund II in the first quarter worth about $142,000. Enterprise Financial Services Corp boosted its holdings in Pimco Municipal Income Fund II by 9.9% in the first quarter. Enterprise Financial Services Corp now owns 12,200 shares of the investment management company’s stock worth $154,000 after acquiring an additional 1,100 shares in the last quarter. Moors & Cabot Inc. acquired a new stake in Pimco Municipal Income Fund II in the first quarter worth about $196,000. Finally, Wiley BROS. Aintree Capital LLC boosted its holdings in Pimco Municipal Income Fund II by 7.0% in the second quarter. Wiley BROS. Aintree Capital LLC now owns 15,198 shares of the investment management company’s stock worth $204,000 after acquiring an additional 1,000 shares in the last quarter.
Shares of NYSE PML opened at $14.12 on Thursday. The business has a 50-day simple moving average of $13.71 and a two-hundred day simple moving average of $13.37. Pimco Municipal Income Fund II has a fifty-two week low of $9.12 and a fifty-two week high of $16.10.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be issued a $0.059 dividend. This represents a $0.71 annualized dividend and a yield of 5.01%. The ex-dividend date is Wednesday, August 12th.
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.
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