Pimco Municipal Income Fund II (PML) Shares Bought by Baird Financial Group Inc.

Baird Financial Group Inc. increased its stake in shares of Pimco Municipal Income Fund II (NYSE:PML) by 5.9% during the 3rd quarter, Holdings Channel reports. The firm owned 155,136 shares of the investment management company’s stock after acquiring an additional 8,706 shares during the quarter. Baird Financial Group Inc.’s holdings in Pimco Municipal Income Fund II were worth $2,052,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. We Are One Seven LLC bought a new stake in shares of Pimco Municipal Income Fund II during the third quarter valued at approximately $133,000. AE Wealth Management LLC bought a new position in Pimco Municipal Income Fund II in the second quarter valued at approximately $148,000. Sawtooth Solutions LLC bought a new position in Pimco Municipal Income Fund II in the second quarter valued at approximately $148,000. Financial & Investment Management Group Ltd. bought a new position in Pimco Municipal Income Fund II in the third quarter valued at approximately $198,000. Finally, OLD National Bancorp IN bought a new position in Pimco Municipal Income Fund II in the third quarter valued at approximately $369,000.

Shares of PML stock opened at $13.47 on Monday. Pimco Municipal Income Fund II has a 52-week low of $11.80 and a 52-week high of $13.49.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Thursday, December 13th will be paid a $0.065 dividend. The ex-dividend date is Wednesday, December 12th. This represents a $0.78 dividend on an annualized basis and a yield of 5.79%.

COPYRIGHT VIOLATION NOTICE: “Pimco Municipal Income Fund II (PML) Shares Bought by Baird Financial Group Inc.” was reported by WKRB News and is the property of of WKRB News. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.wkrb13.com/2018/12/10/pimco-municipal-income-fund-ii-pml-shares-bought-by-baird-financial-group-inc.html.

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.

Read More: Asset Allocation, Balancing Your Investments

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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply