Wolverine Asset Management LLC Invests $519,000 in PIMCO Municipal Income Fund II $PML

Wolverine Asset Management LLC bought a new position in PIMCO Municipal Income Fund II (NYSE:PML) in the second quarter, HoldingsChannel.com reports. The fund bought 69,645 shares of the investment management company’s stock, valued at approximately $519,000.

A number of other hedge funds have also modified their holdings of PML. Envestnet Asset Management Inc. raised its holdings in shares of PIMCO Municipal Income Fund II by 147.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 447,712 shares of the investment management company’s stock worth $3,626,000 after buying an additional 266,621 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of PIMCO Municipal Income Fund II by 108.0% in the 1st quarter. Raymond James Financial Inc. now owns 378,993 shares of the investment management company’s stock worth $3,070,000 after buying an additional 196,763 shares in the last quarter. LPL Financial LLC raised its holdings in shares of PIMCO Municipal Income Fund II by 159.6% in the 1st quarter. LPL Financial LLC now owns 197,238 shares of the investment management company’s stock worth $1,598,000 after buying an additional 121,269 shares in the last quarter. Cove Private Wealth LLC raised its holdings in shares of PIMCO Municipal Income Fund II by 305.5% in the 2nd quarter. Cove Private Wealth LLC now owns 148,389 shares of the investment management company’s stock worth $1,105,000 after buying an additional 111,798 shares in the last quarter. Finally, Everstar Asset Management LLC raised its holdings in shares of PIMCO Municipal Income Fund II by 844.4% in the 1st quarter. Everstar Asset Management LLC now owns 106,426 shares of the investment management company’s stock worth $862,000 after buying an additional 95,157 shares in the last quarter.

PIMCO Municipal Income Fund II Price Performance

Shares of PML opened at $7.92 on Monday. PIMCO Municipal Income Fund II has a 1 year low of $7.10 and a 1 year high of $9.25. The stock has a 50 day simple moving average of $7.71 and a 200-day simple moving average of $7.51.

PIMCO Municipal Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Tuesday, October 14th will be given a dividend of $0.0395 per share. The ex-dividend date is Tuesday, October 14th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

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.