Alexandria Capital LLC grew its stake in shares of Pimco Municipal Income Fund II (NYSE:PML) by 11.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 367,589 shares of the investment management company’s stock after purchasing an additional 38,684 shares during the period. Pimco Municipal Income Fund II comprises approximately 1.2% of Alexandria Capital LLC’s portfolio, making the stock its 23rd biggest position. Alexandria Capital LLC’s holdings in Pimco Municipal Income Fund II were worth $4,837,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Traynor Capital Management Inc. increased its holdings in Pimco Municipal Income Fund II by 7.6% during the 3rd quarter. Traynor Capital Management Inc. now owns 117,867 shares of the investment management company’s stock worth $1,552,000 after purchasing an additional 8,374 shares in the last quarter. Selway Asset Management increased its holdings in Pimco Municipal Income Fund II by 7.9% during the 3rd quarter. Selway Asset Management now owns 607,400 shares of the investment management company’s stock worth $7,993,000 after purchasing an additional 44,700 shares in the last quarter. Ackerman Capital Advisors LLC bought a new stake in Pimco Municipal Income Fund II during the 2nd quarter worth approximately $351,000. Royal Bank of Canada increased its holdings in Pimco Municipal Income Fund II by 20.1% during the 2nd quarter. Royal Bank of Canada now owns 45,237 shares of the investment management company’s stock worth $594,000 after purchasing an additional 7,560 shares in the last quarter. Finally, Virtu KCG Holdings LLC bought a new stake in Pimco Municipal Income Fund II during the 2nd quarter worth approximately $149,000.

Shares of Pimco Municipal Income Fund II (NYSE PML) remained flat at $13.06 during mid-day trading on Tuesday. The company had a trading volume of 36,617 shares. The firm’s 50 day moving average price is $13.24 and its 200-day moving average price is $13.19. Pimco Municipal Income Fund II has a 1-year low of $11.57 and a 1-year high of $13.55.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, October 13th will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.78 annualized dividend and a dividend yield of 5.97%.

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Pimco Municipal Income Fund II Profile

PIMCO Municipal Income Fund II (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal income tax. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal income tax.

Institutional Ownership by Quarter for Pimco Municipal Income Fund II (NYSE:PML)

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