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

Hennion & Walsh Asset Management Inc. lifted its stake in PIMCO Municipal Income Fund II (NYSE:PML) by 89.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,231,738 shares of the investment management company’s stock after acquiring an additional 580,662 shares during the period. 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 reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allen Mooney & Barnes Investment Advisors LLC grew its position in PIMCO Municipal Income Fund II by 1.7% in the 4th quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 106,447 shares of the investment management company’s stock worth $861,000 after purchasing an additional 1,779 shares during the last quarter. Horizon Kinetics Asset Management LLC grew its position in PIMCO Municipal Income Fund II by 55.0% during the third 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 in the last quarter. Van ECK Associates Corp raised its holdings in PIMCO Municipal Income Fund II by 9.0% in the 3rd quarter. Van ECK Associates Corp now owns 315,741 shares of the investment management company’s stock valued at $2,835,000 after acquiring an additional 25,956 shares in the last quarter. Fortitude Family Office LLC bought a new stake in shares of PIMCO Municipal Income Fund II in the 3rd quarter worth approximately $276,000. Finally, Traynor Capital Management Inc. increased its position 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.

PIMCO Municipal Income Fund II Stock Up 0.1 %

Shares of PML stock opened at $8.10 on Thursday. PIMCO Municipal Income Fund II has a one year low of $7.94 and a one year high of $9.52. The stock has a fifty day moving average price of $8.46 and a 200 day moving average price of $8.72.

PIMCO Municipal Income Fund II Dividend Announcement

The firm 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. The ex-dividend date is Monday, January 13th. This represents a $0.47 annualized dividend and a dividend yield of 5.85%.

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.