Koshinski Asset Management Inc. Raises Holdings in PIMCO Municipal Income Fund II (NYSE:PML)

Koshinski Asset Management Inc. increased its position in PIMCO Municipal Income Fund II (NYSE:PML) by 281.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,300 shares of the investment management company’s stock after buying an additional 37,130 shares during the period. Koshinski Asset Management Inc.’s holdings in PIMCO Municipal Income Fund II were worth $417,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC purchased a new position in shares of PIMCO Municipal Income Fund II in the third quarter valued at $30,000. Money Concepts Capital Corp purchased a new position in shares of PIMCO Municipal Income Fund II in the 4th quarter worth $45,000. JPMorgan Chase & Co. bought a new stake in shares of PIMCO Municipal Income Fund II in the 1st quarter worth about $51,000. Wolverine Asset Management LLC purchased a new stake in shares of PIMCO Municipal Income Fund II during the 3rd quarter valued at about $65,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of PIMCO Municipal Income Fund II by 742.7% in the 4th quarter. International Assets Investment Management LLC now owns 9,775 shares of the investment management company’s stock valued at $81,000 after acquiring an additional 8,615 shares during the last quarter.

PIMCO Municipal Income Fund II Price Performance

Shares of NYSE PML opened at $8.36 on Monday. PIMCO Municipal Income Fund II has a 1-year low of $6.92 and a 1-year high of $9.45. The business’s 50 day moving average is $8.48 and its two-hundred day moving average is $8.12.

PIMCO Municipal Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Thursday, April 11th will be given a dividend of $0.0395 per share. This represents a $0.47 annualized dividend and a dividend yield of 5.67%. The ex-dividend date is Wednesday, April 10th.

PIMCO Municipal Income Fund II Company 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.