PIMCO Municipal Income Fund II (NYSE:PML) Shareholders to Receive $0.04 Monthly Dividend

PIMCO Municipal Income Fund II (NYSE:PML) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Tuesday, October 13th will be paid a dividend of $0.0395 per share by the investment management company on Monday, November 2nd. This represents a $0.47 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Tuesday, October 13th.

PIMCO Municipal Income Fund II Trading Down 1.3%

NYSE PML opened at $6.49 on Friday. PIMCO Municipal Income Fund II has a twelve month low of $6.40 and a twelve month high of $8.01. The business’s 50-day moving average price is $7.14 and its 200 day moving average price is $7.39.

Insiders Place Their Bets

In other news, Director Sonya Morris acquired 5,000 shares of the stock in a transaction on Tuesday, July 21st. The stock was bought at an average price of $7.50 per share, with a total value of $37,500.00. Following the completion of the transaction, the director directly owned 10,000 shares of the company’s stock, valued at $75,000. The trade was a 100.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in shares of PIMCO Municipal Income Fund II by 17.1% during the second quarter. Envestnet Asset Management Inc. now owns 924,063 shares of the investment management company’s stock worth $7,032,000 after acquiring an additional 134,705 shares during the last quarter. Robinson Capital Management LLC raised its position in shares of PIMCO Municipal Income Fund II by 68.0% during the 2nd quarter. Robinson Capital Management LLC now owns 856,682 shares of the investment management company’s stock valued at $6,519,000 after acquiring an additional 346,632 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of PIMCO Municipal Income Fund II by 8.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 66,863 shares of the investment management company’s stock worth $509,000 after buying an additional 5,150 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in PIMCO Municipal Income Fund II by 39.9% in the second quarter. Baird Financial Group Inc. now owns 60,175 shares of the investment management company’s stock worth $458,000 after acquiring an additional 17,161 shares during the last quarter. Finally, Hudock Inc. boosted its position in PIMCO Municipal Income Fund II by 25.8% during the 2nd quarter. Hudock Inc. now owns 19,274 shares of the investment management company’s stock valued at $147,000 after purchasing an additional 3,950 shares during the period.

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 current income that is exempt from federal income tax. The fund is managed by Pacific Investment Management Company LLC (PIMCO), an investment management firm specializing in fixed-income and other asset classes.

PML primarily invests in municipal bonds and other municipal securities issued by states, territories, and local governments in the United States, as well as related public authorities and governmental entities.