Affiance Financial LLC Decreases Stake in Pimco Municipal Income Fund II (NYSE:PML)

Affiance Financial LLC reduced its position in Pimco Municipal Income Fund II (NYSE:PML) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,681 shares of the investment management company’s stock after selling 5,017 shares during the period. Pimco Municipal Income Fund II makes up about 1.0% of Affiance Financial LLC’s holdings, making the stock its 19th biggest holding. Affiance Financial LLC’s holdings in Pimco Municipal Income Fund II were worth $1,716,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Winslow Evans & Crocker Inc. raised its holdings in Pimco Municipal Income Fund II by 36.0% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 3,400 shares of the investment management company’s stock worth $50,000 after purchasing an additional 900 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Pimco Municipal Income Fund II by 4.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 33,979 shares of the investment management company’s stock worth $483,000 after acquiring an additional 1,300 shares during the last quarter. Raymond James & Associates boosted its holdings in Pimco Municipal Income Fund II by 4.4% during the 4th quarter. Raymond James & Associates now owns 43,363 shares of the investment management company’s stock worth $577,000 after acquiring an additional 1,817 shares during the last quarter. Advisor Group Inc. boosted its holdings in Pimco Municipal Income Fund II by 78.3% during the 4th quarter. Advisor Group Inc. now owns 4,650 shares of the investment management company’s stock worth $62,000 after acquiring an additional 2,042 shares during the last quarter. Finally, Bank of Stockton boosted its holdings in Pimco Municipal Income Fund II by 10.8% during the 1st quarter. Bank of Stockton now owns 40,943 shares of the investment management company’s stock worth $582,000 after acquiring an additional 4,000 shares during the last quarter.

PML traded up $0.12 during mid-day trading on Tuesday, reaching $15.43. 96,600 shares of the stock were exchanged, compared to its average volume of 148,674. The business has a 50 day moving average of $15.18. Pimco Municipal Income Fund II has a 1 year low of $12.40 and a 1 year high of $15.51.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Friday, July 12th will be issued a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date is Thursday, July 11th.

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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Institutional Ownership by Quarter for Pimco Municipal Income Fund II (NYSE:PML)

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