RFG Advisory LLC Buys New Holdings in Pimco Municipal Income Fund II (PML) – Modern Readers

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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%.

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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.

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