39,558 Shares in Pimco Municipal Income Fund II (NYSE:PML) Purchased by OTA Financial Group L.P.

OTA Financial Group L.P. bought a new position in Pimco Municipal Income Fund II (NYSE:PML) during the 2nd quarter, Holdings Channel reports. The fund bought 39,558 shares of the investment management company’s stock, valued at approximately $591,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ellis Investment Partners LLC bought a new stake in shares of Pimco Municipal Income Fund II in the first quarter worth about $36,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of Pimco Municipal Income Fund II by 4.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 33,979 shares of the investment management company’s stock worth $483,000 after purchasing an additional 1,300 shares during the last quarter. Enterprise Financial Services Corp bought a new stake in shares of Pimco Municipal Income Fund II in the first quarter worth about $158,000. Bank of America Corp DE grew its stake in shares of Pimco Municipal Income Fund II by 1.5% in the fourth quarter. Bank of America Corp DE now owns 821,999 shares of the investment management company’s stock worth $10,941,000 after purchasing an additional 11,964 shares during the last quarter. Finally, Traynor Capital Management Inc. grew its stake in shares of Pimco Municipal Income Fund II by 10.2% in the first quarter. Traynor Capital Management Inc. now owns 84,557 shares of the investment management company’s stock worth $1,202,000 after purchasing an additional 7,800 shares during the last quarter.

Shares of NYSE PML traded up $0.32 during trading hours on Friday, hitting $16.07. The company’s stock had a trading volume of 869 shares, compared to its average volume of 146,305. Pimco Municipal Income Fund II has a 12 month low of $12.40 and a 12 month high of $15.92. The stock has a 50-day moving average price of $15.23.

The firm also recently announced a monthly dividend, which was paid on Thursday, August 1st. Investors of record on Friday, July 12th were paid a $0.065 dividend. The ex-dividend date was Thursday, July 11th. This represents a $0.78 annualized dividend and a dividend yield of 4.85%.

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.

Further Reading: What does a market perform rating mean?

Want to see what other hedge funds are holding PML? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pimco Municipal Income Fund II (NYSE:PML).

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

Receive News & Ratings for Pimco Municipal Income Fund II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pimco Municipal Income Fund II and related companies with MarketBeat.com's FREE daily email newsletter.