Parallel Advisors LLC Boosts Stake in PIMCO Municipal Income Fund II (NYSE:PML)

Parallel Advisors LLC raised its position in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 84.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,093 shares of the investment management company’s stock after buying an additional 90,518 shares during the quarter. Parallel Advisors LLC’s holdings in PIMCO Municipal Income Fund II were worth $1,594,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Kingsview Wealth Management LLC bought a new position in shares of PIMCO Municipal Income Fund II during the 4th quarter valued at approximately $88,000. Permanent Capital Management LP bought a new position in PIMCO Municipal Income Fund II during the fourth quarter valued at $90,000. Wolverine Asset Management LLC bought a new position in PIMCO Municipal Income Fund II during the fourth quarter valued at $92,000. Noble Wealth Management PBC purchased a new position in shares of PIMCO Municipal Income Fund II in the 4th quarter worth $105,000. Finally, Horizon Kinetics Asset Management LLC increased its holdings in shares of PIMCO Municipal Income Fund II by 55.0% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 23,325 shares of the investment management company’s stock worth $219,000 after buying an additional 8,275 shares during the last quarter.

PIMCO Municipal Income Fund II Stock Down 1.2 %

Shares of NYSE:PML opened at $8.08 on Wednesday. PIMCO Municipal Income Fund II has a 12 month low of $7.94 and a 12 month high of $9.52. The company has a 50-day moving average price of $8.36 and a 200 day moving average price of $8.65.

PIMCO Municipal Income Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be given a dividend of $0.0395 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.47 dividend on an annualized basis and a yield of 5.87%.

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.