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

Parallel Advisors LLC increased its position in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 84.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 197,093 shares of the investment management company’s stock after purchasing an additional 90,518 shares during the period. Parallel Advisors LLC’s holdings in PIMCO Municipal Income Fund II were worth $1,594,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC bought a new stake in PIMCO Municipal Income Fund II in the fourth quarter worth about $88,000. Permanent Capital Management LP purchased a new stake in shares of PIMCO Municipal Income Fund II in the fourth quarter worth approximately $90,000. Wolverine Asset Management LLC bought a new stake in shares of PIMCO Municipal Income Fund II during the 4th quarter worth approximately $92,000. Noble Wealth Management PBC purchased a new position in PIMCO Municipal Income Fund II during the 4th quarter valued at $105,000. Finally, Natural Investments LLC purchased a new stake in PIMCO Municipal Income Fund II in the fourth quarter worth $195,000.

PIMCO Municipal Income Fund II Trading Down 1.2 %

NYSE:PML opened at $8.08 on Wednesday. The stock has a fifty day simple moving average of $8.36 and a 200-day simple moving average of $8.65. PIMCO Municipal Income Fund II has a twelve month low of $7.94 and a twelve month high of $9.52.

PIMCO Municipal Income Fund II Dividend Announcement

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

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.