Wagner Wealth Management LLC Acquires 108,907 Shares of PIMCO Municipal Income Fund II $PML

Wagner Wealth Management LLC grew its holdings in PIMCO Municipal Income Fund II (NYSE:PML) by 11.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,082,412 shares of the investment management company’s stock after purchasing an additional 108,907 shares during the period. PIMCO Municipal Income Fund II comprises approximately 1.7% of Wagner Wealth Management LLC’s holdings, making the stock its 16th largest holding. Wagner Wealth Management LLC’s holdings in PIMCO Municipal Income Fund II were worth $8,194,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Dedication LLC bought a new position in shares of PIMCO Municipal Income Fund II in the fourth quarter worth about $26,000. Comerica Bank lifted its holdings 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 valued at $35,000 after buying an additional 1,446 shares in the last quarter. Global Wealth Strategies & Associates lifted its holdings in PIMCO Municipal Income Fund II by 106.1% during the 4th quarter. Global Wealth Strategies & Associates now owns 5,465 shares of the investment management company’s stock valued at $41,000 after buying an additional 2,813 shares in the last quarter. US Bancorp DE bought a new stake in PIMCO Municipal Income Fund II during the 3rd quarter valued at about $45,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in PIMCO Municipal Income Fund II in the 3rd quarter valued at about $58,000.

PIMCO Municipal Income Fund II Stock Performance

Shares of PML stock opened at $7.66 on Wednesday. The company’s 50-day simple moving average is $7.51 and its two-hundred day simple moving average is $7.59. PIMCO Municipal Income Fund II has a one year low of $7.10 and a one year high of $8.01.

PIMCO Municipal Income Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be issued a $0.0395 dividend. The ex-dividend date is Thursday, June 11th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%.

PIMCO Municipal Income Fund II Company Profile

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.