Pimco Municipal Income Fund II (NYSE:PML) Holdings Reduced by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. decreased its position in shares of Pimco Municipal Income Fund II (NYSE:PML) by 14.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,679 shares of the investment management company’s stock after selling 5,500 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Pimco Municipal Income Fund II were worth $435,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Claybrook Capital LLC grew its position in Pimco Municipal Income Fund II by 11.4% in the third quarter. Claybrook Capital LLC now owns 229,354 shares of the investment management company’s stock worth $3,034,000 after buying an additional 23,500 shares during the last quarter. Affiance Financial LLC grew its position in Pimco Municipal Income Fund II by 14.1% in the fourth quarter. Affiance Financial LLC now owns 144,838 shares of the investment management company’s stock worth $1,928,000 after buying an additional 17,854 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in Pimco Municipal Income Fund II in the 3rd quarter worth approximately $250,000. Wells Fargo & Company MN boosted its stake in Pimco Municipal Income Fund II by 13.2% in the 3rd quarter. Wells Fargo & Company MN now owns 157,372 shares of the investment management company’s stock worth $2,082,000 after purchasing an additional 18,343 shares during the period. Finally, LPL Financial LLC boosted its stake in Pimco Municipal Income Fund II by 221.4% in the 4th quarter. LPL Financial LLC now owns 61,551 shares of the investment management company’s stock worth $819,000 after purchasing an additional 42,400 shares during the period.

Shares of Pimco Municipal Income Fund II stock traded up $0.10 during midday trading on Friday, reaching $14.34. 139,095 shares of the company’s stock traded hands, compared to its average volume of 162,568. Pimco Municipal Income Fund II has a 52 week low of $12.40 and a 52 week high of $14.40.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Thursday, April 11th will be issued a dividend of $0.065 per share. The ex-dividend date is Wednesday, April 10th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 5.44%.

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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.

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Institutional Ownership by Quarter for Pimco Municipal Income Fund II (NYSE:PML)

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