PIMCO Municipal Income Fund II (NYSE:PML) Shares Sold by Commerce Bank

Commerce Bank trimmed its holdings in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 17.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,891 shares of the investment management company’s stock after selling 2,854 shares during the period. Commerce Bank’s holdings in PIMCO Municipal Income Fund II were worth $130,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Van ECK Associates Corp raised its stake in shares of PIMCO Municipal Income Fund II by 9.0% during the third quarter. Van ECK Associates Corp now owns 315,741 shares of the investment management company’s stock valued at $2,835,000 after purchasing an additional 25,956 shares during the period. Fortitude Family Office LLC purchased a new stake in shares of PIMCO Municipal Income Fund II during the third quarter valued at approximately $276,000. Traynor Capital Management Inc. raised its stake in shares of PIMCO Municipal Income Fund II by 10.6% during the third quarter. Traynor Capital Management Inc. now owns 145,847 shares of the investment management company’s stock valued at $1,370,000 after purchasing an additional 13,949 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in shares of PIMCO Municipal Income Fund II by 62.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 651,076 shares of the investment management company’s stock valued at $6,114,000 after purchasing an additional 249,711 shares during the period. Finally, International Assets Investment Management LLC raised its stake in shares of 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 valued at $108,000 after purchasing an additional 10,318 shares during the period.

PIMCO Municipal Income Fund II Trading Up 1.4 %

PML opened at $8.79 on Thursday. The firm’s 50 day moving average is $9.04 and its 200-day moving average is $8.76. PIMCO Municipal Income Fund II has a 52-week low of $7.98 and a 52-week high of $9.52.

PIMCO Municipal Income Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.0395 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 5.40%.

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.