Noble Wealth Management PBC Takes $105,000 Position in PIMCO Municipal Income Fund II (NYSE:PML)

Noble Wealth Management PBC purchased a new position in shares of PIMCO Municipal Income Fund II (NYSE:PML) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,971 shares of the investment management company’s stock, valued at approximately $105,000.

Several other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC raised its position in PIMCO Municipal Income Fund II by 852.0% during the 3rd quarter. International Assets Investment Management LLC now owns 11,529 shares of the investment management company’s stock worth $108,000 after purchasing an additional 10,318 shares during the last quarter. Van ECK Associates Corp raised 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 acquiring an additional 25,956 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its stake in shares of PIMCO Municipal Income Fund II by 55.0% in the third quarter. Horizon Kinetics Asset Management LLC now owns 23,325 shares of the investment management company’s stock worth $219,000 after acquiring an additional 8,275 shares during the period. Allen Mooney & Barnes Investment Advisors LLC lifted its stake in shares of PIMCO Municipal Income Fund II by 1.7% in the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 106,447 shares of the investment management company’s stock worth $861,000 after acquiring an additional 1,779 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in PIMCO Municipal Income Fund II by 89.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,231,738 shares of the investment management company’s stock valued at $9,965,000 after acquiring an additional 580,662 shares during the last quarter.

PIMCO Municipal Income Fund II Stock Performance

PIMCO Municipal Income Fund II stock opened at $8.60 on Friday. PIMCO Municipal Income Fund II has a 52-week low of $7.94 and a 52-week high of $9.52. The firm has a 50 day moving average price of $8.31 and a two-hundred day moving average price of $8.69.

PIMCO Municipal Income Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be paid a dividend of $0.0395 per share. This represents a $0.47 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date 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.