Beta Wealth Group Inc. Cuts Stake in PIMCO Municipal Income Fund II (NYSE:PML)

Beta Wealth Group Inc. lessened its stake in PIMCO Municipal Income Fund II (NYSE:PML) by 11.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 66,817 shares of the investment management company’s stock after selling 8,981 shares during the quarter. Beta Wealth Group Inc.’s holdings in PIMCO Municipal Income Fund II were worth $541,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. boosted its stake in PIMCO Municipal Income Fund II by 89.2% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,231,738 shares of the investment management company’s stock valued at $9,965,000 after buying an additional 580,662 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of PIMCO Municipal Income Fund II by 76.6% during the 4th quarter. Atria Wealth Solutions Inc. now owns 72,991 shares of the investment management company’s stock worth $590,000 after acquiring an additional 31,670 shares in the last quarter. Wealth Alliance Advisory Group LLC purchased a new stake in shares of PIMCO Municipal Income Fund II during the 4th quarter worth approximately $254,000. Fortitude Family Office LLC bought a new position in shares of PIMCO Municipal Income Fund II during the 3rd quarter valued at approximately $276,000. Finally, Van ECK Associates Corp grew its holdings in shares of PIMCO Municipal Income Fund II by 9.0% in the third quarter. Van ECK Associates Corp now owns 315,741 shares of the investment management company’s stock valued at $2,835,000 after purchasing an additional 25,956 shares in the last quarter.

PIMCO Municipal Income Fund II Stock Performance

Shares of PML opened at $8.50 on Tuesday. PIMCO Municipal Income Fund II has a fifty-two week low of $7.94 and a fifty-two week high of $9.52. The company’s fifty day moving average is $8.27 and its 200 day moving average is $8.69.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th will be given a dividend of $0.0395 per share. This represents a $0.47 annualized dividend and a dividend yield of 5.58%. The ex-dividend date is Thursday, February 13th.

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.