Fortitude Family Office LLC Sells 6,667 Shares of PIMCO Municipal Income Fund II (NYSE:PML)

Fortitude Family Office LLC lowered its position in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 22.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,767 shares of the investment management company’s stock after selling 6,667 shares during the quarter. Fortitude Family Office LLC’s holdings in PIMCO Municipal Income Fund II were worth $184,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PML. Hennion & Walsh Asset Management Inc. increased its stake in shares of PIMCO Municipal Income Fund II by 62.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 651,076 shares of the investment management company’s stock valued at $6,114,000 after purchasing an additional 249,711 shares in the last quarter. Van ECK Associates Corp boosted its stake in PIMCO Municipal Income Fund II by 9.0% during the 3rd quarter. Van ECK Associates Corp now owns 315,741 shares of the investment management company’s stock valued at $2,835,000 after purchasing an additional 25,956 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in PIMCO Municipal Income Fund II by 3.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 313,865 shares of the investment management company’s stock worth $2,677,000 after buying an additional 11,602 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of PIMCO Municipal Income Fund II by 3.4% during the second quarter. Cetera Investment Advisers now owns 206,654 shares of the investment management company’s stock valued at $1,763,000 after purchasing an additional 6,749 shares during the last quarter. Finally, Traynor Capital Management Inc. lifted its position in PIMCO Municipal Income Fund II by 10.6% during the third quarter. Traynor Capital Management Inc. now owns 145,847 shares of the investment management company’s stock valued at $1,370,000 after purchasing an additional 13,949 shares during the period.

PIMCO Municipal Income Fund II Stock Performance

Shares of PML stock opened at $8.25 on Friday. PIMCO Municipal Income Fund II has a 12-month low of $7.94 and a 12-month high of $9.52. The firm’s 50 day moving average is $8.54 and its 200 day moving average is $8.73.

PIMCO Municipal Income Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 13th will be paid a dividend of $0.0395 per share. The ex-dividend date is Monday, January 13th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 5.75%.

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.