Wolverine Asset Management LLC Invests $92,000 in PIMCO Municipal Income Fund II (NYSE:PML)

Wolverine Asset Management LLC acquired a new position in shares of PIMCO Municipal Income Fund II (NYSE:PML) in the 4th quarter, Holdings Channel reports. The fund acquired 11,383 shares of the investment management company’s stock, valued at approximately $92,000.

Several other institutional investors have also modified their holdings of the stock. Kingsview Wealth Management LLC purchased a new stake in PIMCO Municipal Income Fund II in the 4th quarter valued at $88,000. International Assets Investment Management LLC raised its position in PIMCO Municipal Income Fund II by 852.0% in the 3rd quarter. International Assets Investment Management LLC now owns 11,529 shares of the investment management company’s stock valued at $108,000 after purchasing an additional 10,318 shares during the last quarter. Horizon Kinetics Asset Management LLC raised its position in PIMCO Municipal Income Fund II by 55.0% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 23,325 shares of the investment management company’s stock valued at $219,000 after purchasing an additional 8,275 shares during the last quarter. Wealth Alliance Advisory Group LLC purchased a new stake in PIMCO Municipal Income Fund II in the 4th quarter valued at $254,000. Finally, Fortitude Family Office LLC purchased a new stake in PIMCO Municipal Income Fund II in the 3rd quarter valued at $276,000.

PIMCO Municipal Income Fund II Trading Down 0.6 %

PML stock opened at $8.50 on Tuesday. The company has a fifty day moving average price of $8.27 and a 200 day moving average price of $8.69. PIMCO Municipal Income Fund II has a 12 month low of $7.94 and a 12 month high of $9.52.

PIMCO Municipal Income Fund II Announces Dividend

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

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.