Brouwer Janachowski Exits Position in Pimco Municipal Income Fund II (PML)

Pimco Municipal Income Fund II (PML) : Brouwer Janachowski has sold out all of its stake in Pimco Municipal Income Fund II during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 22,450 shares of Pimco Municipal Income Fund II which is valued at $308,239.

Other Hedge Funds, Including , United Capital Financial Advisers reduced its stake in PML by selling 871 shares or 6.84% in the most recent quarter. The Hedge Fund company now holds 11,871 shares of PML which is valued at $162,989.Raymond James Associates boosted its stake in PML in the latest quarter, The investment management firm added 1,317 additional shares and now holds a total of 41,467 shares of Pimco Municipal Income Fund II which is valued at $569,342.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.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.Gerber Kawasaki Wealth Investment Management boosted its stake in PML in the latest quarter, The investment management firm added 16,830 additional shares and now holds a total of 95,715 shares of Pimco Municipal Income Fund II which is valued at $1,332,353. Pimco Municipal Income Fund II makes up approx 0.81% of Gerber Kawasaki Wealth Investment Management’s portfolio.

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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