StoneX Group Inc. Makes New $978,000 Investment in PIMCO Municipal Income Fund II (NYSE:PML)

StoneX Group Inc. purchased a new stake in PIMCO Municipal Income Fund II (NYSE:PML) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 120,905 shares of the investment management company’s stock, valued at approximately $978,000.

A number of other hedge funds have also modified their holdings of PML. LPL Financial LLC increased its stake in PIMCO Municipal Income Fund II by 13.0% in the fourth quarter. LPL Financial LLC now owns 75,969 shares of the investment management company’s stock valued at $615,000 after purchasing an additional 8,731 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of PIMCO Municipal Income Fund II by 84.9% in the 4th quarter. Parallel Advisors LLC now owns 197,093 shares of the investment management company’s stock valued at $1,594,000 after buying an additional 90,518 shares during the period. Commonwealth Equity Services LLC increased its position in shares of PIMCO Municipal Income Fund II by 15.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 36,359 shares of the investment management company’s stock valued at $294,000 after buying an additional 4,821 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in PIMCO Municipal Income Fund II by 19.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 217,828 shares of the investment management company’s stock worth $1,762,000 after buying an additional 35,261 shares during the period. Finally, Natural Investments LLC bought a new position in PIMCO Municipal Income Fund II during the fourth quarter worth about $195,000.

PIMCO Municipal Income Fund II Stock Performance

Shares of PIMCO Municipal Income Fund II stock opened at $8.14 on Wednesday. The business has a 50-day moving average of $8.36 and a two-hundred day moving average of $8.60. PIMCO Municipal Income Fund II has a 1 year low of $7.94 and a 1 year high of $9.52.

PIMCO Municipal Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 13th were paid a dividend of $0.0395 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.47 dividend on an annualized basis and a yield of 5.83%.

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.