Horizon Kinetics Asset Management LLC Buys 8,275 Shares of PIMCO Municipal Income Fund II (NYSE:PML)

Horizon Kinetics Asset Management LLC grew its stake in PIMCO Municipal Income Fund II (NYSE:PML) by 55.0% during the third quarter, Holdings Channel.com reports. The fund owned 23,325 shares of the investment management company’s stock after purchasing an additional 8,275 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in PIMCO Municipal Income Fund II were worth $219,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PML. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of PIMCO Municipal Income Fund II in the 2nd quarter worth approximately $3,424,000. Cetera Investment Advisers lifted its position in shares of PIMCO Municipal Income Fund II by 375.7% in the 1st quarter. Cetera Investment Advisers now owns 199,905 shares of the investment management company’s stock worth $1,699,000 after purchasing an additional 157,882 shares during the period. Parallel Advisors LLC purchased a new stake in shares of PIMCO Municipal Income Fund II in the 2nd quarter worth approximately $909,000. Koshinski Asset Management Inc. lifted its position in shares of PIMCO Municipal Income Fund II by 95.1% in the 3rd quarter. Koshinski Asset Management Inc. now owns 93,995 shares of the investment management company’s stock worth $883,000 after purchasing an additional 45,825 shares during the period. Finally, Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in shares of PIMCO Municipal Income Fund II in the 3rd quarter worth approximately $376,000.

PIMCO Municipal Income Fund II Stock Down 0.2 %

Shares of PML opened at $8.66 on Wednesday. PIMCO Municipal Income Fund II has a fifty-two week low of $7.97 and a fifty-two week high of $9.52. The company has a 50 day moving average price of $9.05 and a 200-day moving average price of $8.75.

PIMCO Municipal Income Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be given 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 yield of 5.47%.

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.