Permanent Capital Management LP Makes New $90,000 Investment in PIMCO Municipal Income Fund II (NYSE:PML)

Permanent Capital Management LP purchased a new position in PIMCO Municipal Income Fund II (NYSE:PML) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,105 shares of the investment management company’s stock, valued at approximately $90,000.

A number of other large investors have also bought and sold shares of the stock. Allen Mooney & Barnes Investment Advisors LLC grew its holdings in PIMCO Municipal Income Fund II by 1.7% in the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 106,447 shares of the investment management company’s stock worth $861,000 after purchasing an additional 1,779 shares during the period. Koshinski Asset Management Inc. grew its holdings in PIMCO Municipal Income Fund II by 3.6% in the fourth quarter. Koshinski Asset Management Inc. now owns 97,395 shares of the investment management company’s stock worth $788,000 after purchasing an additional 3,400 shares during the period. Wakefield Asset Management LLLP grew its holdings in PIMCO Municipal Income Fund II by 3.7% in the fourth quarter. Wakefield Asset Management LLLP now owns 101,718 shares of the investment management company’s stock worth $823,000 after purchasing an additional 3,667 shares during the period. Horizon Kinetics Asset Management LLC grew its holdings in PIMCO Municipal Income Fund II by 55.0% in the third quarter. Horizon Kinetics Asset Management LLC now owns 23,325 shares of the investment management company’s stock worth $219,000 after purchasing an additional 8,275 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in PIMCO Municipal Income Fund II by 852.0% in the third quarter. International Assets Investment Management LLC now owns 11,529 shares of the investment management company’s stock worth $108,000 after purchasing an additional 10,318 shares during the period.

PIMCO Municipal Income Fund II Stock Performance

NYSE:PML opened at $8.39 on Friday. The firm has a fifty day simple moving average of $8.35 and a two-hundred day simple moving average of $8.68. PIMCO Municipal Income Fund II has a 12 month low of $7.94 and a 12 month high of $9.52.

PIMCO Municipal Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be paid a $0.0395 dividend. This represents a $0.47 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date is Thursday, March 13th.

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.