Asset Management Group buys $183,639 stake in Pimco Municipal Income Fund II (PML)

Pimco Municipal Income Fund II (PML) : Asset Management Group scooped up 193 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 15, 2016. The investment management firm now holds a total of 13,375 shares of Pimco Municipal Income Fund II which is valued at $183,639.Pimco Municipal Income Fund II makes up approximately 0.08% of Asset Management Group’s portfolio.

Other Hedge Funds, Including , Raymond James Financial Services Advisors boosted its stake in PML in the latest quarter, The investment management firm added 117,071 additional shares and now holds a total of 135,771 shares of Pimco Municipal Income Fund II which is valued at $1,864,136. Pimco Municipal Income Fund II makes up approx 0.02% of Raymond James Financial Services Advisors’s portfolio.Selway Asset Management boosted its stake in PML in the latest quarter, The investment management firm added 12,750 additional shares and 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 approx 1.08% of Selway Asset Management’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.

Pimco Municipal Income Fund II closed down -0.02 points or -0.15% at $13.76 with 1,17,955 shares getting traded on Thursday. Post opening the session at $13.76, the shares hit an intraday low of $13.71 and an intraday high of $13.7899 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

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