Ellis Investment Partners LLC Has $3.46 Million Stock Holdings in PIMCO Municipal Income Fund II (NYSE:PML)

Ellis Investment Partners LLC lifted its stake in PIMCO Municipal Income Fund II (NYSE:PML) by 2.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 406,084 shares of the investment management company’s stock after purchasing an additional 7,849 shares during the quarter. PIMCO Municipal Income Fund II accounts for about 0.7% of Ellis Investment Partners LLC’s investment portfolio, making the stock its 26th largest holding. Ellis Investment Partners LLC’s holdings in PIMCO Municipal Income Fund II were worth $3,464,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of PML. Spire Wealth Management acquired a new stake in PIMCO Municipal Income Fund II during the 4th quarter valued at $207,000. Hennion & Walsh Asset Management Inc. purchased a new stake in PIMCO Municipal Income Fund II in the 2nd quarter worth about $3,424,000. Avantax Advisory Services Inc. boosted its position in PIMCO Municipal Income Fund II by 10.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 86,550 shares of the investment management company’s stock worth $736,000 after acquiring an additional 8,303 shares during the period. Cove Private Wealth LLC purchased a new position in PIMCO Municipal Income Fund II during the 4th quarter valued at about $304,000. Finally, RFG Advisory LLC purchased a new position in PIMCO Municipal Income Fund II during the 1st quarter valued at about $95,000.

PIMCO Municipal Income Fund II Price Performance

NYSE PML opened at $8.89 on Friday. The company has a 50 day simple moving average of $8.63 and a 200-day simple moving average of $8.50. PIMCO Municipal Income Fund II has a 52-week low of $6.92 and a 52-week high of $8.93.

PIMCO Municipal Income Fund II Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a dividend of $0.0395 per share. This represents a $0.47 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date is Friday, September 13th.

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.