Pimco Municipal Income Fund II (PML) : Selway Asset Management scooped up 12,750 additional shares in Pimco Municipal Income Fund II during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 125,370 shares of Pimco Municipal Income Fund II which is valued at $1,756,434.Pimco Municipal Income Fund II makes up approximately 1.08% of Selway Asset Management’s portfolio.
Other Hedge Funds, Including , Investors Capital Advisory Services reduced its stake in PML by selling 34,500 shares or 30.75% in the most recent quarter. The Hedge Fund company now holds 77,690 shares of PML which is valued at $1,088,437. Pimco Municipal Income Fund II makes up approx 0.21% of Investors Capital Advisory Services’s portfolio. Donald L. Hagan sold out all of its stake in PML during the most recent quarter. The investment firm sold 9,000 shares of PML which is valued $125,550.Capital Investment Advisors reduced its stake in PML by selling 10,725 shares or 19.6% in the most recent quarter. The Hedge Fund company now holds 43,990 shares of PML which is valued at $613,661. Pimco Municipal Income Fund II makes up approx 0.06% of Capital Investment Advisors’s portfolio.
Pimco Municipal Income Fund II opened for trading at $13.9 and hit $13.94 on the upside on Monday, eventually ending the session at $13.94, with a gain of 0.29% or 0.04 points. The heightened volatility saw the trading volume jump to 89,134 shares. Company has a market cap of $804 M.
PIMCO Municipal Income Fund II is a diversified closed-end management investment fund. The Fund’s primary investment objective is to seek current income exempt from federal income tax. The Fund invests at least 90% of its net assets (and at least 80% of its net assets as well as any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal income tax. The Fund makes investments in sectors such as state and local governments pre-refunded education hospital housing lease power transportation water and sewer tobacco and industrial development and pollution control. The Fund’s investment manager is Pacific Investment Management Company LLC.