Signature Estate & Investment Advisors LLC Buys Shares of 24,355 PIMCO Municipal Income Fund II (NYSE:PML)

Signature Estate & Investment Advisors LLC purchased a new position in shares of PIMCO Municipal Income Fund II (NYSE:PML) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 24,355 shares of the investment management company’s stock, valued at approximately $208,000.

Other hedge funds also recently modified their holdings of the company. Park Avenue Securities LLC increased its holdings in shares of PIMCO Municipal Income Fund II by 1.1% during the 2nd quarter. Park Avenue Securities LLC now owns 143,409 shares of the investment management company’s stock valued at $1,223,000 after acquiring an additional 1,519 shares during the last quarter. Integrated Capital Management Inc. boosted its position in PIMCO Municipal Income Fund II by 9.3% during the first quarter. Integrated Capital Management Inc. now owns 22,701 shares of the investment management company’s stock worth $193,000 after purchasing an additional 1,940 shares during the period. Maltin Wealth Management Inc. grew its holdings in PIMCO Municipal Income Fund II by 7.7% during the first quarter. Maltin Wealth Management Inc. now owns 32,320 shares of the investment management company’s stock valued at $275,000 after purchasing an additional 2,320 shares during the last quarter. CENTRAL TRUST Co bought a new position in shares of PIMCO Municipal Income Fund II in the first quarter valued at approximately $26,000. Finally, Ellis Investment Partners LLC lifted its stake in shares of PIMCO Municipal Income Fund II by 0.9% in the first quarter. Ellis Investment Partners LLC now owns 398,235 shares of the investment management company’s stock worth $3,385,000 after buying an additional 3,490 shares during the last quarter.

PIMCO Municipal Income Fund II Stock Up 0.1 %

NYSE PML opened at $8.77 on Wednesday. PIMCO Municipal Income Fund II has a 1 year low of $6.92 and a 1 year high of $8.81. The company has a fifty day simple moving average of $8.58 and a 200 day simple moving average of $8.48.

PIMCO Municipal Income Fund II Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th will be issued a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 5.47%. This is a boost from PIMCO Municipal Income Fund II’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Monday, August 12th.

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.