Sheaff Brock Investment Advisors LLC Has $176,000 Stake in Pimco Municipal Income Fund II (PML)

Sheaff Brock Investment Advisors LLC continued to hold its position in shares of Pimco Municipal Income Fund II (NYSE:PML) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,384 shares of the investment management company’s stock at the end of the 2nd quarter. Sheaff Brock Investment Advisors LLC’s holdings in Pimco Municipal Income Fund II were worth $176,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. IFC Holdings Incorporated FL increased its stake in Pimco Municipal Income Fund II by 0.8% during the 2nd quarter. IFC Holdings Incorporated FL now owns 13,257 shares of the investment management company’s stock worth $174,000 after buying an additional 108 shares during the period. RFG Advisory Group LLC purchased a new stake in Pimco Municipal Income Fund II during the 2nd quarter worth $189,000. Bank of New York Mellon Corp increased its stake in Pimco Municipal Income Fund II by 13.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 19,566 shares of the investment management company’s stock worth $257,000 after buying an additional 2,384 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Pimco Municipal Income Fund II by 4.0% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 46,164 shares of the investment management company’s stock worth $607,000 after buying an additional 1,795 shares during the period. Finally, Traynor Capital Management Inc. increased its stake in Pimco Municipal Income Fund II by 9.9% during the 2nd quarter. Traynor Capital Management Inc. now owns 109,493 shares of the investment management company’s stock worth $1,459,000 after buying an additional 9,893 shares during the period.

Shares of Pimco Municipal Income Fund II (PML) opened at 13.27 on Friday. The company’s 50-day moving average is $13.33 and its 200 day moving average is $13.02. Pimco Municipal Income Fund II has a 1-year low of $11.57 and a 1-year high of $13.78.

The company also recently disclosed a monthly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 11th will be issued a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a dividend yield of 5.88%. The ex-dividend date of this dividend is Friday, September 8th.

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Pimco Municipal Income Fund II Company Profile

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.

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

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