Hennion & Walsh Asset Management Inc. Purchases 580,662 Shares of PIMCO Municipal Income Fund II (NYSE:PML)

Hennion & Walsh Asset Management Inc. boosted its position in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 89.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,231,738 shares of the investment management company’s stock after buying an additional 580,662 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in PIMCO Municipal Income Fund II were worth $9,965,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. TPG Advisors LLC acquired a new position in shares of PIMCO Municipal Income Fund II during the 2nd quarter worth about $96,000. Stewardship Advisors LLC bought a new position in shares of PIMCO Municipal Income Fund II during the third quarter worth $103,000. International Assets Investment Management LLC grew its holdings in shares of PIMCO Municipal Income Fund II by 852.0% in the 3rd quarter. International Assets Investment Management LLC now owns 11,529 shares of the investment management company’s stock valued at $108,000 after buying an additional 10,318 shares during the period. Mercer Global Advisors Inc. ADV increased its position in shares of PIMCO Municipal Income Fund II by 6.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 21,166 shares of the investment management company’s stock valued at $181,000 after buying an additional 1,307 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC raised its stake in 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 worth $219,000 after buying an additional 8,275 shares during the period.

PIMCO Municipal Income Fund II Stock Performance

Shares of PIMCO Municipal Income Fund II stock opened at $8.10 on Thursday. The business has a 50-day moving average of $8.46 and a two-hundred day moving average of $8.72. PIMCO Municipal Income Fund II has a 1 year low of $7.94 and a 1 year high of $9.52.

PIMCO Municipal Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 13th will be issued a dividend of $0.0395 per share. The ex-dividend date is Monday, January 13th. This represents a $0.47 annualized dividend and a yield of 5.85%.

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.