PIMCO Municipal Income Fund II $PML Shares Sold by Cornerstone Advisory LLC

Cornerstone Advisory LLC lessened its stake in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 37.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,722 shares of the investment management company’s stock after selling 86,019 shares during the quarter. Cornerstone Advisory LLC’s holdings in PIMCO Municipal Income Fund II were worth $1,153,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Comerica Bank raised its position in PIMCO Municipal Income Fund II by 49.7% during the 1st quarter. Comerica Bank now owns 4,353 shares of the investment management company’s stock worth $35,000 after buying an additional 1,446 shares during the last quarter. Bessemer Group Inc. acquired a new position in shares of PIMCO Municipal Income Fund II during the third quarter worth about $59,000. ACT Advisors LLC. purchased a new position in PIMCO Municipal Income Fund II during the third quarter worth about $83,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in PIMCO Municipal Income Fund II in the third quarter valued at about $91,000. Finally, Beacon Pointe Advisors LLC purchased a new stake in PIMCO Municipal Income Fund II in the 2nd quarter valued at approximately $93,000.

PIMCO Municipal Income Fund II Trading Down 0.2%

NYSE PML opened at $7.86 on Wednesday. The business’s 50 day moving average is $7.63 and its two-hundred day moving average is $7.64. PIMCO Municipal Income Fund II has a 12-month low of $7.10 and a 12-month high of $8.67.

PIMCO Municipal Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 12th will be given a dividend of $0.0395 per share. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Thursday, February 12th.

About PIMCO Municipal Income Fund II

PIMCO Municipal Income Fund II (NYSE: PML) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of municipal securities, including both investment-grade and below-investment-grade bonds issued by state and local governments, as well as other public entities. By focusing on the municipal market, the fund aims to offer tax-advantaged income to investors, particularly those in higher federal tax brackets.

The fund’s portfolio construction emphasizes rigorous credit analysis, sector diversification, and maturity management to balance income objectives with risk controls.