Professional Financial Management Inc. Acquires 123,238 Shares of PIMCO Municipal Income Fund II $PML

Professional Financial Management Inc. acquired a new position in shares of PIMCO Municipal Income Fund II (NYSE:PML) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 123,238 shares of the investment management company’s stock, valued at approximately $810,000. PIMCO Municipal Income Fund II comprises about 0.8% of Professional Financial Management Inc.’s investment portfolio, making the stock its 19th largest position.

Other institutional investors also recently bought and sold shares of the company. ACT Advisors LLC. purchased a new position in shares of PIMCO Municipal Income Fund II in the 3rd quarter valued at approximately $147,000. Williams & Novak Wealth Management LLC lifted its holdings in shares of PIMCO Municipal Income Fund II by 48.6% during the third quarter. Williams & Novak Wealth Management LLC now owns 503,025 shares of the investment management company’s stock worth $3,305,000 after purchasing an additional 164,500 shares during the period. Integrated Capital Management Inc. grew its position in PIMCO Municipal Income Fund II by 6.3% in the 3rd quarter. Integrated Capital Management Inc. now owns 61,468 shares of the investment management company’s stock valued at $404,000 after buying an additional 3,627 shares during the last quarter. Farther Finance Advisors LLC increased its stake in PIMCO Municipal Income Fund II by 360.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 20,277 shares of the investment management company’s stock valued at $133,000 after buying an additional 15,877 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in PIMCO Municipal Income Fund II by 17.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 924,063 shares of the investment management company’s stock worth $7,032,000 after buying an additional 134,705 shares during the last quarter.

PIMCO Municipal Income Fund II Stock Performance

PML stock opened at $6.82 on Friday. The company has a fifty day moving average of $6.92 and a 200-day moving average of $7.29. PIMCO Municipal Income Fund II has a one year low of $6.39 and a one year high of $8.01.

PIMCO Municipal Income Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Tuesday, October 13th will be given a $0.0395 dividend. The ex-dividend date is Tuesday, October 13th. This represents a $0.47 dividend on an annualized basis and a yield of 7.0%.

About PIMCO Municipal Income Fund II

PIMCO Municipal Income Fund II (NYSE: PML) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO), an investment management firm specializing in fixed income and other asset classes. The fund is designed to provide investors with access to a professionally managed portfolio of municipal securities.

PML’s primary investment objective is to seek current income that is exempt from regular U.S. federal income tax. The fund generally invests in bonds and other debt obligations issued by states, municipalities, and other governmental entities throughout the United States.