Avantax Advisory Services Inc. Increases Stock Holdings in PIMCO Municipal Income Fund II (NYSE:PML)

Avantax Advisory Services Inc. raised its stake in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 19.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 217,828 shares of the investment management company’s stock after purchasing an additional 35,261 shares during the quarter. Avantax Advisory Services Inc.’s holdings in PIMCO Municipal Income Fund II were worth $1,762,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in PML. Hennion & Walsh Asset Management Inc. boosted its stake in shares of PIMCO Municipal Income Fund II by 89.2% during the 4th 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 purchasing an additional 580,662 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in PIMCO Municipal Income Fund II in the fourth quarter worth about $1,474,000. NINE MASTS CAPITAL Ltd lifted its holdings in PIMCO Municipal Income Fund II by 247.6% in the fourth quarter. NINE MASTS CAPITAL Ltd now owns 236,872 shares of the investment management company’s stock worth $1,916,000 after buying an additional 168,736 shares during the period. Bank of New York Mellon Corp bought a new stake in PIMCO Municipal Income Fund II during the 4th quarter valued at approximately $313,000. Finally, Atria Wealth Solutions Inc. grew 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 during the period.

PIMCO Municipal Income Fund II Stock Performance

PML opened at $8.17 on Tuesday. PIMCO Municipal Income Fund II has a 52 week low of $7.94 and a 52 week high of $9.52. The business has a 50 day moving average of $8.36 and a 200-day moving average of $8.66.

PIMCO Municipal Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.0395 per share. This represents a $0.47 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date is Thursday, March 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.