PIMCO Municipal Income Fund II (NYSE:PML) Director Buys $37,400.00 in Stock

PIMCO Municipal Income Fund II (NYSE:PML) Director Sonya Morris acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, March 25th. The shares were acquired at an average price of $7.48 per share, with a total value of $37,400.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at approximately $37,400. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

PIMCO Municipal Income Fund II Stock Up 0.6%

NYSE:PML opened at $7.40 on Tuesday. PIMCO Municipal Income Fund II has a fifty-two week low of $7.10 and a fifty-two week high of $8.17. The stock’s 50-day moving average is $7.69 and its two-hundred day moving average is $7.73.

PIMCO Municipal Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Thursday, March 12th will be given a dividend of $0.0395 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a c) dividend on an annualized basis and a yield of 6.4%.

Institutional Investors Weigh In On PIMCO Municipal Income Fund II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. grew its holdings in shares of PIMCO Municipal Income Fund II by 101.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 2,894,894 shares of the investment management company’s stock valued at $22,899,000 after acquiring an additional 1,459,549 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of PIMCO Municipal Income Fund II by 7.5% in the fourth quarter. Guggenheim Capital LLC now owns 2,338,947 shares of the investment management company’s stock worth $17,636,000 after acquiring an additional 163,926 shares during the last quarter. Wagner Wealth Management LLC raised its holdings in shares of PIMCO Municipal Income Fund II by 506.9% during the fourth quarter. Wagner Wealth Management LLC now owns 973,505 shares of the investment management company’s stock worth $7,340,000 after acquiring an additional 813,093 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of PIMCO Municipal Income Fund II by 49.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 880,651 shares of the investment management company’s stock worth $6,640,000 after acquiring an additional 290,269 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of PIMCO Municipal Income Fund II by 141.8% during the third quarter. Van ECK Associates Corp now owns 791,672 shares of the investment management company’s stock worth $6,262,000 after acquiring an additional 464,270 shares in the last quarter.

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.