PIMCO Municipal Income Fund II (NYSE:PML) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Shares of PIMCO Municipal Income Fund II (NYSE:PML) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $7.52 and traded as high as $7.61. PIMCO Municipal Income Fund II shares last traded at $7.5950, with a volume of 355,700 shares changing hands.

PIMCO Municipal Income Fund II Price Performance

The business’s 50-day simple moving average is $7.52 and its two-hundred day simple moving average is $7.59.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Monday, July 13th will be paid a $0.0395 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Monday, July 13th.

Hedge Funds Weigh In On PIMCO Municipal Income Fund II

Large investors have recently bought and sold shares of the business. Guggenheim Capital LLC grew its holdings in 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 valued at $17,636,000 after purchasing an additional 163,926 shares during the period. Arkadios Wealth Advisors purchased a new position in shares of PIMCO Municipal Income Fund II during the 1st quarter valued at approximately $8,240,000. Wagner Wealth Management LLC lifted its position in shares of PIMCO Municipal Income Fund II by 11.2% during the 1st quarter. Wagner Wealth Management LLC now owns 1,082,412 shares of the investment management company’s stock valued at $8,194,000 after buying an additional 108,907 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in PIMCO Municipal Income Fund II by 49.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 880,651 shares of the investment management company’s stock valued at $6,640,000 after acquiring an additional 290,269 shares during the period. Finally, Bank of America Corp DE grew its stake in PIMCO Municipal Income Fund II by 155.6% in the 1st quarter. Bank of America Corp DE now owns 830,277 shares of the investment management company’s stock valued at $6,285,000 after acquiring an additional 505,452 shares during the period.

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.