PIMCO Municipal Income Fund II (NYSE:PML) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in PIMCO Municipal Income Fund II (NYSE:PML) by 40.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 181,091 shares of the investment management company’s stock after selling 123,729 shares during the quarter. Envestnet Asset Management Inc.’s holdings in PIMCO Municipal Income Fund II were worth $1,465,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in PML. Kingsview Wealth Management LLC purchased a new position in PIMCO Municipal Income Fund II in the fourth quarter valued at about $88,000. Permanent Capital Management LP acquired a new stake in PIMCO Municipal Income Fund II during the fourth quarter worth about $90,000. Wolverine Asset Management LLC bought a new position in PIMCO Municipal Income Fund II during the 4th quarter worth $92,000. Noble Wealth Management PBC acquired a new stake in shares of PIMCO Municipal Income Fund II in the 4th quarter worth about $105,000. Finally, Selway Asset Management acquired a new position in shares of PIMCO Municipal Income Fund II during the fourth quarter worth approximately $121,000.

PIMCO Municipal Income Fund II Stock Performance

Shares of NYSE PML opened at $7.63 on Wednesday. PIMCO Municipal Income Fund II has a fifty-two week low of $7.12 and a fifty-two week high of $9.52. The firm’s 50-day simple moving average is $7.98 and its 200 day simple moving average is $8.35.

PIMCO Municipal Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Friday, April 11th will be paid a dividend of $0.0395 per share. This represents a $0.47 annualized dividend and a yield of 6.21%. The ex-dividend date is Friday, April 11th.

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.