Cornerstone Advisory LLC Acquires 17,277 Shares of PIMCO Municipal Income Fund II (NYSE:PML)

Cornerstone Advisory LLC raised its holdings in PIMCO Municipal Income Fund II (NYSE:PML) by 10.1% in the 4th quarter, HoldingsChannel reports. The firm owned 187,727 shares of the investment management company’s stock after purchasing an additional 17,277 shares during the quarter. Cornerstone Advisory LLC’s holdings in PIMCO Municipal Income Fund II were worth $1,599,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Wells Fargo & Company MN increased its holdings in shares of PIMCO Municipal Income Fund II by 12.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,058,647 shares of the investment management company’s stock valued at $8,564,000 after purchasing an additional 114,762 shares in the last quarter. Guggenheim Capital LLC grew its holdings in PIMCO Municipal Income Fund II by 88.0% during the 4th quarter. Guggenheim Capital LLC now owns 711,202 shares of the investment management company’s stock worth $5,754,000 after acquiring an additional 332,807 shares during the period. NINE MASTS CAPITAL Ltd raised its position in shares of PIMCO Municipal Income Fund II by 247.6% during the 4th quarter. NINE MASTS CAPITAL Ltd now owns 236,872 shares of the investment management company’s stock valued at $1,916,000 after acquiring an additional 168,736 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of PIMCO Municipal Income Fund II by 19.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 217,828 shares of the investment management company’s stock valued at $1,762,000 after purchasing an additional 35,261 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of PIMCO Municipal Income Fund II by 84.9% in the 4th quarter. Parallel Advisors LLC now owns 197,093 shares of the investment management company’s stock valued at $1,594,000 after purchasing an additional 90,518 shares during the period.

PIMCO Municipal Income Fund II Stock Down 2.0%

Shares of PIMCO Municipal Income Fund II stock opened at $7.45 on Thursday. PIMCO Municipal Income Fund II has a 12 month low of $7.12 and a 12 month high of $9.52. The business has a fifty day simple moving average of $7.73 and a 200 day simple moving average of $8.20.

PIMCO Municipal Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be issued a dividend of $0.0395 per share. This represents a $0.47 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date is Monday, May 12th.

About PIMCO Municipal Income Fund II

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.