Cliftonlarsonallen Wealth Advisors LLC Makes New $376,000 Investment in PIMCO Municipal Income Fund II (NYSE:PML)

Cliftonlarsonallen Wealth Advisors LLC bought a new stake in PIMCO Municipal Income Fund II (NYSE:PML) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 40,000 shares of the investment management company’s stock, valued at approximately $376,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Ellis Investment Partners LLC raised its stake in shares of PIMCO Municipal Income Fund II by 2.0% in the second quarter. Ellis Investment Partners LLC now owns 406,084 shares of the investment management company’s stock worth $3,464,000 after acquiring an additional 7,849 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in PIMCO Municipal Income Fund II in the 2nd quarter worth approximately $3,424,000. Envestnet Asset Management Inc. raised its position in 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 purchasing an additional 11,602 shares during the last quarter. Cetera Investment Advisers lifted its holdings in PIMCO Municipal Income Fund II by 3.4% during the 2nd quarter. Cetera Investment Advisers now owns 206,654 shares of the investment management company’s stock worth $1,763,000 after buying an additional 6,749 shares in the last quarter. Finally, Raymond James & Associates increased its stake in shares of PIMCO Municipal Income Fund II by 10.7% in the 2nd quarter. Raymond James & Associates now owns 148,784 shares of the investment management company’s stock valued at $1,269,000 after buying an additional 14,371 shares during the period.

PIMCO Municipal Income Fund II Stock Down 0.2 %

Shares of PML opened at $9.09 on Wednesday. The stock’s fifty day simple moving average is $8.98 and its 200-day simple moving average is $8.64. PIMCO Municipal Income Fund II has a 12-month low of $6.92 and a 12-month high of $9.52.

PIMCO Municipal Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 11th will be given a dividend of $0.0395 per share. The ex-dividend date is Friday, October 11th. This represents a $0.47 dividend on an annualized basis and a yield of 5.21%.

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.