PIMCO Municipal Income Fund II $PML Shares Purchased by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP increased its stake in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 103.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 213,025 shares of the investment management company’s stock after buying an additional 108,295 shares during the period. Wakefield Asset Management LLLP’s holdings in PIMCO Municipal Income Fund II were worth $1,686,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PML. Comerica Bank lifted its position in shares of 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 acquiring an additional 1,446 shares during the period. Focus Partners Wealth acquired a new stake in shares of PIMCO Municipal Income Fund II in the 1st quarter worth approximately $202,000. Envestnet Asset Management Inc. increased its stake in PIMCO Municipal Income Fund II by 5.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 474,115 shares of the investment management company’s stock valued at $3,532,000 after purchasing an additional 26,403 shares in the last quarter. Bank of Montreal Can increased its stake in PIMCO Municipal Income Fund II by 6.7% in the 2nd quarter. Bank of Montreal Can now owns 28,120 shares of the investment management company’s stock valued at $209,000 after purchasing an additional 1,767 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in PIMCO Municipal Income Fund II by 0.9% during the second quarter. Cetera Investment Advisers now owns 251,456 shares of the investment management company’s stock worth $1,873,000 after purchasing an additional 2,189 shares during the last quarter.

PIMCO Municipal Income Fund II Trading Up 0.8%

PML opened at $7.73 on Wednesday. PIMCO Municipal Income Fund II has a one year low of $7.10 and a one year high of $8.44. The business’s fifty day moving average is $7.71 and its two-hundred day moving average is $7.70.

PIMCO Municipal Income Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Thursday, March 12th will be paid a dividend of $0.0395 per share. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Thursday, March 12th.

PIMCO Municipal Income Fund II 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.