Ameriprise Financial Inc. Has $349,000 Stake in Pimco Municipal Income Fund II (PML)

Ameriprise Financial Inc. lessened its position in Pimco Municipal Income Fund II (NYSE:PML) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,561 shares of the investment management company’s stock after selling 353 shares during the period. Ameriprise Financial Inc.’s holdings in Pimco Municipal Income Fund II were worth $349,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Selway Asset Management lifted its stake in shares of Pimco Municipal Income Fund II by 39.4% in the second quarter. Selway Asset Management now owns 562,700 shares of the investment management company’s stock worth $7,394,000 after buying an additional 159,000 shares in the last quarter. Traynor Capital Management Inc. lifted its position in Pimco Municipal Income Fund II by 9.9% during the second quarter. Traynor Capital Management Inc. now owns 109,493 shares of the investment management company’s stock valued at $1,459,000 after purchasing an additional 9,893 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Pimco Municipal Income Fund II by 210.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 57,827 shares of the investment management company’s stock valued at $760,000 after purchasing an additional 39,228 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Pimco Municipal Income Fund II by 4.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 46,164 shares of the investment management company’s stock valued at $607,000 after purchasing an additional 1,795 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Pimco Municipal Income Fund II by 13.9% during the second quarter. Bank of New York Mellon Corp now owns 19,566 shares of the investment management company’s stock valued at $257,000 after purchasing an additional 2,384 shares during the period.

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Pimco Municipal Income Fund II (NYSE:PML) opened at $13.25 on Wednesday. Pimco Municipal Income Fund II has a 52-week low of $11.57 and a 52-week high of $13.55.

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.78 dividend on an annualized basis and a yield of 5.89%.

About Pimco Municipal Income Fund II

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.

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

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