Wolverine Asset Management LLC Raises Position in PIMCO Municipal Income Fund II (NYSE:PML)

Wolverine Asset Management LLC lifted its stake in PIMCO Municipal Income Fund II (NYSE:PML) by 817.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 77,515 shares of the investment management company’s stock after acquiring an additional 69,067 shares during the quarter. Wolverine Asset Management LLC’s holdings in PIMCO Municipal Income Fund II were worth $643,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Koshinski Asset Management Inc. boosted its position in shares of PIMCO Municipal Income Fund II by 281.9% in the fourth quarter. Koshinski Asset Management Inc. now owns 50,300 shares of the investment management company’s stock worth $417,000 after buying an additional 37,130 shares during the period. Wakefield Asset Management LLLP purchased a new stake in shares of PIMCO Municipal Income Fund II in the fourth quarter worth about $738,000. International Assets Investment Management LLC lifted its stake in shares of PIMCO Municipal Income Fund II by 742.7% in the fourth quarter. International Assets Investment Management LLC now owns 9,775 shares of the investment management company’s stock worth $81,000 after acquiring an additional 8,615 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC lifted its stake in shares of PIMCO Municipal Income Fund II by 1.5% in the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 102,596 shares of the investment management company’s stock worth $852,000 after acquiring an additional 1,511 shares in the last quarter. Finally, Ackerman Capital Advisors LLC lifted its stake in shares of PIMCO Municipal Income Fund II by 225.2% in the fourth quarter. Ackerman Capital Advisors LLC now owns 164,156 shares of the investment management company’s stock worth $1,362,000 after acquiring an additional 113,677 shares in the last quarter.

PIMCO Municipal Income Fund II Trading Up 0.3 %

NYSE:PML opened at $8.15 on Friday. PIMCO Municipal Income Fund II has a one year low of $6.92 and a one year high of $9.45. The business’s 50-day simple moving average is $8.43 and its 200 day simple moving average is $8.16.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, April 11th will be paid a $0.0395 dividend. This represents a $0.47 annualized dividend and a dividend yield of 5.82%. The ex-dividend date of this dividend is Wednesday, April 10th.

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.