Traynor Capital Management Inc. Sells 14,865 Shares of PIMCO Municipal Income Fund II (NYSE:PML)

Traynor Capital Management Inc. reduced its position in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 10.2% during the fourth quarter, Holdings Channel reports. The firm owned 130,982 shares of the investment management company’s stock after selling 14,865 shares during the period. Traynor Capital Management Inc.’s holdings in PIMCO Municipal Income Fund II were worth $1,060,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stewardship Advisors LLC bought a new position in shares of PIMCO Municipal Income Fund II during the 3rd quarter worth approximately $103,000. International Assets Investment Management LLC lifted its holdings in PIMCO Municipal Income Fund II by 852.0% during the third quarter. International Assets Investment Management LLC now owns 11,529 shares of the investment management company’s stock worth $108,000 after acquiring an additional 10,318 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in PIMCO Municipal Income Fund II by 6.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 21,166 shares of the investment management company’s stock worth $181,000 after purchasing an additional 1,307 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its position in shares of PIMCO Municipal Income Fund II by 55.0% during 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. Finally, Fortitude Family Office LLC purchased a new stake in shares of PIMCO Municipal Income Fund II during the 3rd quarter valued at $276,000.

PIMCO Municipal Income Fund II Stock Performance

PML opened at $8.24 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 firm has a 50-day moving average of $8.38 and a 200 day moving average of $8.71.

PIMCO Municipal Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th 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 5.76%. The ex-dividend date is Monday, January 13th.

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.