Hollencrest Capital Management Has $104,000 Stock Position in PIMCO Municipal Income Fund II (NYSE:PML)

Hollencrest Capital Management lowered its stake in PIMCO Municipal Income Fund II (NYSE:PML) by 54.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,915 shares of the investment management company’s stock after selling 15,660 shares during the period. Hollencrest Capital Management’s holdings in PIMCO Municipal Income Fund II were worth $104,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PML. Kingsview Wealth Management LLC acquired a new stake in shares of PIMCO Municipal Income Fund II in the fourth quarter worth about $88,000. Permanent Capital Management LP acquired a new stake in shares of PIMCO Municipal Income Fund II in the fourth quarter worth about $90,000. Wolverine Asset Management LLC acquired a new stake in shares of PIMCO Municipal Income Fund II in the fourth quarter worth about $92,000. Noble Wealth Management PBC acquired a new stake in shares of PIMCO Municipal Income Fund II in the fourth quarter worth about $105,000. Finally, Natural Investments LLC acquired a new stake in shares of PIMCO Municipal Income Fund II in the fourth quarter worth about $195,000.

PIMCO Municipal Income Fund II Stock Down 0.1 %

Shares of NYSE:PML opened at $8.28 on Thursday. PIMCO Municipal Income Fund II has a fifty-two week low of $7.94 and a fifty-two week high of $9.52. The business has a 50-day moving average of $8.37 and a two-hundred day moving average of $8.67.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be paid a $0.0395 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 5.73%.

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.