Selway Asset Management Buys Shares of 15,000 PIMCO Municipal Income Fund II (NYSE:PML)

Selway Asset Management purchased a new position in shares of PIMCO Municipal Income Fund II (NYSE:PML) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,000 shares of the investment management company’s stock, valued at approximately $121,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kingsview Wealth Management LLC bought a new stake in PIMCO Municipal Income Fund II in the fourth quarter worth $88,000. Permanent Capital Management LP acquired a new stake in shares of PIMCO Municipal Income Fund II in the fourth quarter worth about $90,000. Wolverine Asset Management LLC bought a new stake in shares of PIMCO Municipal Income Fund II during the 4th quarter worth about $92,000. Noble Wealth Management PBC acquired a new position in shares of PIMCO Municipal Income Fund II during the 4th quarter valued at about $105,000. Finally, Natural Investments LLC bought a new position in shares of PIMCO Municipal Income Fund II in the 4th quarter valued at approximately $195,000.

PIMCO Municipal Income Fund II Stock Down 0.1 %

Shares of PIMCO Municipal Income Fund II stock opened at $8.13 on Thursday. PIMCO Municipal Income Fund II has a 12-month low of $7.94 and a 12-month high of $9.52. The stock has a 50 day moving average price of $8.35 and a two-hundred day moving average price of $8.59.

PIMCO Municipal Income Fund II Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 13th were paid a $0.0395 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.47 dividend on an annualized basis and a yield of 5.83%.

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.