Koshinski Asset Management Inc. Acquires 45,825 Shares of PIMCO Municipal Income Fund II (NYSE:PML)

Koshinski Asset Management Inc. lifted its holdings in PIMCO Municipal Income Fund II (NYSE:PML) by 95.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 93,995 shares of the investment management company’s stock after acquiring an additional 45,825 shares during the quarter. Koshinski Asset Management Inc.’s holdings in PIMCO Municipal Income Fund II were worth $883,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in PIMCO Municipal Income Fund II during the second quarter valued at about $251,000. Cetera Investment Advisers lifted its position in shares of PIMCO Municipal Income Fund II by 3.4% during the second quarter. Cetera Investment Advisers now owns 206,654 shares of the investment management company’s stock valued at $1,763,000 after buying an additional 6,749 shares during the last quarter. TPG Advisors LLC bought a new stake in shares of PIMCO Municipal Income Fund II in the 2nd quarter valued at about $96,000. Mercer Global Advisors Inc. ADV boosted its holdings in shares of PIMCO Municipal Income Fund II by 6.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 21,166 shares of the investment management company’s stock valued at $181,000 after buying an additional 1,307 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of PIMCO Municipal Income Fund II by 3.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 313,865 shares of the investment management company’s stock worth $2,677,000 after buying an additional 11,602 shares during the last quarter.

PIMCO Municipal Income Fund II Price Performance

NYSE:PML opened at $9.11 on Tuesday. PIMCO Municipal Income Fund II has a 52 week low of $6.92 and a 52 week high of $9.52. The firm has a 50 day moving average of $8.96 and a 200 day moving average of $8.63.

PIMCO Municipal Income Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 11th will be issued a dividend of $0.0395 per share. The ex-dividend date is Friday, October 11th. This represents a $0.47 annualized dividend and a dividend yield of 5.20%.

PIMCO Municipal Income Fund II 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.