RFG Advisory LLC purchased a new position in Pimco Municipal Income Fund II (NYSE:PML) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,396 shares of the investment management company’s stock, valued at approximately $165,000.
Other large investors have also bought and sold shares of the company. Advisor Group Inc. boosted its stake in Pimco Municipal Income Fund II by 78.3% in the fourth quarter. Advisor Group Inc. now owns 4,650 shares of the investment management company’s stock valued at $62,000 after acquiring an additional 2,042 shares during the last quarter. Edge Capital Group LLC acquired a new stake in Pimco Municipal Income Fund II in the fourth quarter worth $140,000. Questar Asset Management Inc. acquired a new stake in Pimco Municipal Income Fund II in the fourth quarter worth $147,000. Great Lakes Advisors LLC acquired a new stake in Pimco Municipal Income Fund II in the third quarter worth $250,000. Finally, Suntrust Banks Inc. raised its holdings in shares of Pimco Municipal Income Fund II by 27.6% during the fourth quarter. Suntrust Banks Inc. now owns 21,410 shares of the investment management company’s stock worth $280,000 after acquiring an additional 4,626 shares during the period.
Shares of NYSE:PML traded up $0.03 during midday trading on Monday, reaching $14.29. 106,800 shares of the company were exchanged, compared to its average volume of 162,568. Pimco Municipal Income Fund II has a fifty-two week low of $12.40 and a fifty-two week high of $14.40.
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, April 11th will be issued a dividend of $0.065 per share. The ex-dividend date is Wednesday, April 10th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 5.46%.
COPYRIGHT VIOLATION NOTICE: “RFG Advisory LLC Buys New Holdings in Pimco Municipal Income Fund II (PML)” was reported by Modern Readers and is the property of of Modern Readers. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://www.modernreaders.com/news/2019/04/15/rfg-advisory-llc-invests-165000-in-pimco-municipal-income-fund-ii-pml-stock.html.
Pimco Municipal Income Fund II Company 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.
Read More: Trading Options- What is a Strangle?
Receive News & Ratings for Pimco Municipal Income Fund II Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Pimco Municipal Income Fund II and related companies with MarketBeat.com’s FREE daily email newsletter.