American National Bank & Trust Invests $214,000 in PIMCO Municipal Income Fund II $PML

American National Bank & Trust bought a new position in shares of PIMCO Municipal Income Fund II (NYSE:PML) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,700 shares of the investment management company’s stock, valued at approximately $214,000.

Several other hedge funds have also made changes to their positions in the business. Park Avenue Securities LLC boosted its stake in shares of PIMCO Municipal Income Fund II by 13.4% during the second quarter. Park Avenue Securities LLC now owns 214,682 shares of the investment management company’s stock worth $1,599,000 after buying an additional 25,347 shares during the period. Allen Mooney & Barnes Investment Advisors LLC lifted its position in PIMCO Municipal Income Fund II by 2.1% in the second quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 110,506 shares of the investment management company’s stock valued at $823,000 after purchasing an additional 2,294 shares during the period. Focus Partners Wealth acquired a new stake in PIMCO Municipal Income Fund II in the first quarter valued at about $202,000. Everstar Asset Management LLC lifted its position in PIMCO Municipal Income Fund II by 844.4% in the first quarter. Everstar Asset Management LLC now owns 106,426 shares of the investment management company’s stock valued at $862,000 after purchasing an additional 95,157 shares during the period. Finally, Comerica Bank lifted its position in PIMCO Municipal Income Fund II by 49.7% in the first quarter. Comerica Bank now owns 4,353 shares of the investment management company’s stock valued at $35,000 after purchasing an additional 1,446 shares during the period.

PIMCO Municipal Income Fund II Stock Performance

Shares of NYSE:PML opened at $7.76 on Friday. PIMCO Municipal Income Fund II has a 52 week low of $7.10 and a 52 week high of $9.52. The company has a 50-day moving average price of $7.34 and a 200 day moving average price of $7.51.

PIMCO Municipal Income Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be given a $0.0395 dividend. The ex-dividend date is Friday, September 12th. This represents a c) dividend on an annualized basis and a yield of 6.1%.

About PIMCO Municipal Income Fund II

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.