Royal Bank of Canada grew its stake in shares of Pimco Municipal Income Fund II (NYSE:PML) by 20.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,237 shares of the investment management company’s stock after acquiring an additional 7,560 shares during the quarter. Royal Bank of Canada’s holdings in Pimco Municipal Income Fund II were worth $594,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Virtu KCG Holdings LLC acquired a new position in shares of Pimco Municipal Income Fund II during the second quarter valued at about $149,000. Van ECK Associates Corp increased its holdings in Pimco Municipal Income Fund II by 14.0% in the 2nd quarter. Van ECK Associates Corp now owns 85,228 shares of the investment management company’s stock worth $1,120,000 after buying an additional 10,463 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Pimco Municipal Income Fund II by 210.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 57,827 shares of the investment management company’s stock worth $760,000 after buying an additional 39,228 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Pimco Municipal Income Fund II by 4.0% in 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, RFG Advisory Group LLC acquired a new position in Pimco Municipal Income Fund II in the 2nd quarter worth approximately $189,000.

Pimco Municipal Income Fund II (NYSE PML) opened at $13.22 on Friday. Pimco Municipal Income Fund II has a fifty-two week low of $11.57 and a fifty-two week high of $13.55.

The firm also recently declared a monthly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be issued a $0.065 dividend. The ex-dividend date is Friday, November 10th. This represents a $0.78 annualized dividend and a yield of 5.90%.

WARNING: “Pimco Municipal Income Fund II (PML) Stake Boosted by Royal Bank of Canada” was first reported by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.watchlistnews.com/pimco-municipal-income-fund-ii-pml-stake-boosted-by-royal-bank-of-canada/1695124.html.

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.

Want to see what other hedge funds are holding PML? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pimco Municipal Income Fund II (NYSE:PML).

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

Receive News & Ratings for Pimco Municipal Income Fund II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pimco Municipal Income Fund II and related companies with Analyst Ratings Network's FREE daily email newsletter.