Kovack Advisors Inc. Invests $149,000 in PIMCO Municipal Income Fund II $PML

Kovack Advisors Inc. acquired a new position in PIMCO Municipal Income Fund II (NYSE:PML) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,000 shares of the investment management company’s stock, valued at approximately $149,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PML. Comerica Bank raised its position in PIMCO Municipal Income Fund II by 49.7% in the 1st quarter. Comerica Bank now owns 4,353 shares of the investment management company’s stock valued at $35,000 after buying an additional 1,446 shares during the last quarter. Helium Advisors LLC purchased a new stake in shares of PIMCO Municipal Income Fund II in the first quarter valued at about $93,000. Elequin Capital LP increased its stake in PIMCO Municipal Income Fund II by 979.5% in the 1st quarter. Elequin Capital LP now owns 16,030 shares of the investment management company’s stock valued at $130,000 after buying an additional 14,545 shares during the last quarter. River Street Advisors LLC increased its stake in PIMCO Municipal Income Fund II by 59.6% in the 2nd quarter. River Street Advisors LLC now owns 17,394 shares of the investment management company’s stock valued at $130,000 after buying an additional 6,493 shares during the last quarter. Finally, Melfa Wealth Management Inc. increased its stake in PIMCO Municipal Income Fund II by 42.9% in the 2nd quarter. Melfa Wealth Management Inc. now owns 25,000 shares of the investment management company’s stock valued at $186,000 after buying an additional 7,500 shares during the last quarter.

PIMCO Municipal Income Fund II Trading Down 0.7%

NYSE:PML opened at $7.88 on Tuesday. The firm has a 50-day moving average price of $7.72 and a two-hundred day moving average price of $7.51. PIMCO Municipal Income Fund II has a 52 week low of $7.10 and a 52 week high of $9.25.

PIMCO Municipal Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, November 3rd. Stockholders of record on Tuesday, October 14th were given a dividend of $0.0395 per share. The ex-dividend date of this dividend was Tuesday, October 14th. This represents a c) annualized dividend and a dividend yield of 6.0%.

About PIMCO Municipal Income Fund II

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.