11,000 Shares in PIMCO Municipal Income Fund II (NYSE:PML) Purchased by Stewardship Advisors LLC

Stewardship Advisors LLC bought a new stake in shares of PIMCO Municipal Income Fund II (NYSE:PML) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,000 shares of the investment management company’s stock, valued at approximately $103,000.

A number of other hedge funds have also recently modified their holdings of the business. River Street Advisors LLC bought a new position in shares of PIMCO Municipal Income Fund II in the first quarter worth about $93,000. RFG Advisory LLC bought a new stake in shares of PIMCO Municipal Income Fund II in the first quarter valued at about $95,000. TPG Advisors LLC bought a new position in PIMCO Municipal Income Fund II during the 2nd quarter worth about $96,000. All Season Financial Advisors Inc. bought a new position in PIMCO Municipal Income Fund II during the 2nd quarter worth about $158,000. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of PIMCO Municipal Income Fund II by 6.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 21,166 shares of the investment management company’s stock valued at $181,000 after purchasing an additional 1,307 shares in the last quarter.

PIMCO Municipal Income Fund II Price Performance

Shares of PML traded down $0.02 during mid-day trading on Monday, hitting $9.23. The company’s stock had a trading volume of 194,048 shares, compared to its average volume of 174,499. The company’s 50-day moving average is $9.02 and its 200-day moving average is $8.65. PIMCO Municipal Income Fund II has a 52-week low of $6.92 and a 52-week high of $9.52.

PIMCO Municipal Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 11th will be given a dividend of $0.0395 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.47 annualized dividend and a yield of 5.14%.

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.