Ellis Investment Partners LLC Decreases Stock Position in PIMCO Municipal Income Fund II (NYSE:PML)

Ellis Investment Partners LLC lessened its stake in PIMCO Municipal Income Fund II (NYSE:PML) by 15.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 337,407 shares of the investment management company’s stock after selling 61,567 shares during the quarter. Ellis Investment Partners LLC’s holdings in PIMCO Municipal Income Fund II were worth $2,730,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PML. Hennion & Walsh Asset Management Inc. boosted its holdings in PIMCO Municipal Income Fund II by 89.2% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,231,738 shares of the investment management company’s stock worth $9,965,000 after acquiring an additional 580,662 shares during the period. Wealth Alliance Advisory Group LLC purchased a new position in PIMCO Municipal Income Fund II in the 4th quarter worth approximately $254,000. Sanctuary Advisors LLC purchased a new position in PIMCO Municipal Income Fund II in the 2nd quarter worth approximately $251,000. Fortitude Family Office LLC purchased a new position in shares of PIMCO Municipal Income Fund II during the 3rd quarter valued at approximately $276,000. Finally, Van ECK Associates Corp grew its position in shares of PIMCO Municipal Income Fund II by 9.0% during the third quarter. Van ECK Associates Corp now owns 315,741 shares of the investment management company’s stock worth $2,835,000 after buying an additional 25,956 shares in the last quarter.

PIMCO Municipal Income Fund II Price Performance

PML stock opened at $8.50 on Friday. PIMCO Municipal Income Fund II has a twelve month low of $7.94 and a twelve month high of $9.52. The firm has a 50 day simple moving average of $8.27 and a 200-day simple moving average of $8.69.

PIMCO Municipal Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th will be given a dividend of $0.0395 per share. This represents a $0.47 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date of this dividend is Thursday, February 13th.

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.