Ellis Investment Partners LLC Has $3.75 Million Stake in PIMCO Municipal Income Fund II (NYSE:PML)

Ellis Investment Partners LLC decreased its position in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 398,974 shares of the investment management company’s stock after selling 7,110 shares during the period. PIMCO Municipal Income Fund II accounts for 0.7% of Ellis Investment Partners LLC’s investment portfolio, making the stock its 28th biggest holding. Ellis Investment Partners LLC’s holdings in PIMCO Municipal Income Fund II were worth $3,746,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PML. Hennion & Walsh Asset Management Inc. acquired a new position in shares of PIMCO Municipal Income Fund II during the second quarter valued at about $3,424,000. Cetera Investment Advisers raised its position in shares of PIMCO Municipal Income Fund II by 375.7% during the first quarter. Cetera Investment Advisers now owns 199,905 shares of the investment management company’s stock valued at $1,699,000 after buying an additional 157,882 shares during the last quarter. Parallel Advisors LLC acquired a new position in shares of PIMCO Municipal Income Fund II during the second quarter valued at about $909,000. Koshinski Asset Management Inc. raised its position in shares of PIMCO Municipal Income Fund II by 95.1% during the third quarter. Koshinski Asset Management Inc. now owns 93,995 shares of the investment management company’s stock valued at $883,000 after buying an additional 45,825 shares during the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC acquired a new position in shares of PIMCO Municipal Income Fund II during the third quarter valued at about $376,000.

PIMCO Municipal Income Fund II Stock Down 0.3 %

Shares of PML traded down $0.03 during trading hours on Friday, reaching $8.91. 124,666 shares of the company traded hands, compared to its average volume of 174,262. The stock’s fifty day moving average is $9.06 and its 200 day moving average is $8.67. PIMCO Municipal Income Fund II has a 1-year low of $6.92 and a 1-year high of $9.52.

PIMCO Municipal Income Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 11th will be given a dividend of $0.0395 per share. This represents a $0.47 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date of this dividend is Friday, October 11th.

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.