Ellis Investment Partners LLC Has $2.78 Million Stock Position in PIMCO Municipal Income Fund II $PML

Ellis Investment Partners LLC raised its position in PIMCO Municipal Income Fund II (NYSE:PML) by 4.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 372,497 shares of the investment management company’s stock after acquiring an additional 16,402 shares during the period. Ellis Investment Partners LLC’s holdings in PIMCO Municipal Income Fund II were worth $2,775,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of PML. Comerica Bank lifted its holdings in shares of PIMCO Municipal Income Fund II by 49.7% in the 1st quarter. Comerica Bank now owns 4,353 shares of the investment management company’s stock worth $35,000 after purchasing an additional 1,446 shares in the last quarter. Sound Income Strategies LLC acquired a new position in PIMCO Municipal Income Fund II during the first quarter worth $39,000. TPG Advisors LLC bought a new position in shares of PIMCO Municipal Income Fund II in the first quarter valued at $87,000. Helium Advisors LLC acquired a new position in shares of PIMCO Municipal Income Fund II during the first quarter valued at about $93,000. Finally, Elequin Capital LP grew its holdings in shares of PIMCO Municipal Income Fund II by 979.5% during the first quarter. Elequin Capital LP now owns 16,030 shares of the investment management company’s stock valued at $130,000 after buying an additional 14,545 shares during the last quarter.

PIMCO Municipal Income Fund II Stock Performance

PML opened at $7.97 on Monday. PIMCO Municipal Income Fund II has a fifty-two week low of $7.10 and a fifty-two week high of $9.30. The company’s 50-day moving average is $7.49 and its 200 day moving average is $7.49.

PIMCO Municipal Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Tuesday, October 14th will be issued a $0.0395 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Tuesday, October 14th.

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.