Fiera Capital Corp Has $8.72 Million Stake in PIMCO Municipal Income Fund II (NYSE:PML)

Fiera Capital Corp raised its holdings in PIMCO Municipal Income Fund II (NYSE:PML) by 16.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 964,487 shares of the investment management company’s stock after buying an additional 135,390 shares during the period. Fiera Capital Corp’s holdings in PIMCO Municipal Income Fund II were worth $8,719,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PML. Beta Wealth Group Inc. boosted its holdings in shares of PIMCO Municipal Income Fund II by 297.5% in the 1st quarter. Beta Wealth Group Inc. now owns 172,312 shares of the investment management company’s stock valued at $1,618,000 after buying an additional 128,967 shares during the last quarter. Cetera Advisor Networks LLC grew its position in shares of PIMCO Municipal Income Fund II by 551.7% in the 4th quarter. Cetera Advisor Networks LLC now owns 86,243 shares of the investment management company’s stock valued at $780,000 after acquiring an additional 73,009 shares during the period. Private Advisor Group LLC bought a new position in shares of PIMCO Municipal Income Fund II in the 1st quarter valued at about $651,000. Claraphi Advisory Network LLC increased its stake in shares of PIMCO Municipal Income Fund II by 109.4% during the 4th quarter. Claraphi Advisory Network LLC now owns 120,384 shares of the investment management company’s stock worth $1,088,000 after purchasing an additional 62,907 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of PIMCO Municipal Income Fund II in the 2nd quarter valued at about $536,000.

PIMCO Municipal Income Fund II Trading Up 2.1 %

Shares of NYSE:PML opened at $7.80 on Wednesday. The company has a 50-day simple moving average of $7.66 and a 200 day simple moving average of $8.53. PIMCO Municipal Income Fund II has a 52-week low of $6.92 and a 52-week high of $9.75.

PIMCO Municipal Income Fund II Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be given a $0.0395 dividend. The ex-dividend date is Friday, November 10th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 6.08%.

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.