OneDigital Investment Advisors LLC Takes Position in PIMCO Municipal Income Fund II (NYSE:PML)

OneDigital Investment Advisors LLC bought a new position in PIMCO Municipal Income Fund II (NYSE:PML) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,669 shares of the investment management company’s stock, valued at approximately $119,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. increased its stake in PIMCO Municipal Income Fund II by 76.6% in 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 last quarter. Kingsview Wealth Management LLC bought a new stake in PIMCO Municipal Income Fund II in the fourth quarter worth $88,000. Commonwealth Equity Services LLC raised its stake in PIMCO Municipal Income Fund II by 15.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 36,359 shares of the investment management company’s stock valued at $294,000 after purchasing an additional 4,821 shares in the last quarter. StoneX Group Inc. bought a new position in PIMCO Municipal Income Fund II during the fourth quarter valued at $978,000. Finally, Selway Asset Management purchased a new position in shares of PIMCO Municipal Income Fund II in the 4th quarter worth $121,000.

PIMCO Municipal Income Fund II Stock Performance

PIMCO Municipal Income Fund II stock opened at $7.63 on Wednesday. PIMCO Municipal Income Fund II has a twelve month low of $7.12 and a twelve month high of $9.52. The company’s 50-day moving average price is $7.98 and its 200-day moving average price is $8.35.

PIMCO Municipal Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Friday, April 11th will be given a dividend of $0.0395 per share. The ex-dividend date is Friday, April 11th. This represents a $0.47 dividend on an annualized basis and a yield of 6.21%.

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.