Pimco Municipal Income Fund II (NYSE:PML) Shares Pass Above Fifty Day Moving Average of $15.56

Pimco Municipal Income Fund II (NYSE:PML) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $15.56 and traded as high as $15.82. Pimco Municipal Income Fund II shares last traded at $15.81, with a volume of 1,400 shares traded.

The stock has a 50-day moving average price of $15.56 and a 200 day moving average price of $14.76.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th will be given a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend is Friday, August 9th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. raised its stake in Pimco Municipal Income Fund II by 36.0% during the first quarter. Winslow Evans & Crocker Inc. now owns 3,400 shares of the investment management company’s stock worth $50,000 after acquiring an additional 900 shares in the last quarter. Ellis Investment Partners LLC acquired a new position in Pimco Municipal Income Fund II during the first quarter worth $36,000. Ackerman Capital Advisors LLC acquired a new position in Pimco Municipal Income Fund II during the first quarter worth $178,000. Enterprise Financial Services Corp acquired a new position in Pimco Municipal Income Fund II during the first quarter worth $158,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Pimco Municipal Income Fund II by 4.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 33,979 shares of the investment management company’s stock worth $483,000 after acquiring an additional 1,300 shares in the last quarter.

Pimco Municipal Income Fund II Company Profile (NYSE:PML)

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.

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