Gridiron Partners LLC Boosts Position in PIMCO Municipal Income Fund II $PML

Gridiron Partners LLC boosted its position in PIMCO Municipal Income Fund II (NYSE:PML) by 30.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 830,828 shares of the investment management company’s stock after purchasing an additional 193,558 shares during the quarter. PIMCO Municipal Income Fund II comprises 3.3% of Gridiron Partners LLC’s holdings, making the stock its 5th biggest position. Gridiron Partners LLC’s holdings in PIMCO Municipal Income Fund II were worth $6,323,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Captrust Financial Advisors boosted its holdings in shares of PIMCO Municipal Income Fund II by 0.5% in the fourth quarter. Captrust Financial Advisors now owns 283,257 shares of the investment management company’s stock valued at $2,136,000 after acquiring an additional 1,426 shares in the last quarter. Comerica Bank boosted its position in shares of PIMCO Municipal Income Fund II by 49.7% in the 1st quarter. Comerica Bank now owns 4,353 shares of the investment management company’s stock valued at $35,000 after purchasing an additional 1,446 shares during the period. Wakefield Asset Management LLLP raised its holdings in shares of PIMCO Municipal Income Fund II by 0.7% during the fourth quarter. Wakefield Asset Management LLLP now owns 214,566 shares of the investment management company’s stock valued at $1,618,000 after acquiring an additional 1,541 shares during the period. Novem Group raised its stake in PIMCO Municipal Income Fund II by 6.5% during the 4th quarter. Novem Group now owns 34,233 shares of the investment management company’s stock valued at $258,000 after purchasing an additional 2,098 shares during the period. Finally, MML Investors Services LLC lifted its stake in PIMCO Municipal Income Fund II by 6.6% in the 4th quarter. MML Investors Services LLC now owns 34,365 shares of the investment management company’s stock worth $259,000 after acquiring an additional 2,113 shares in the last quarter.

PIMCO Municipal Income Fund II Stock Up 0.0%

Shares of PML opened at $7.43 on Friday. The company’s 50 day moving average price is $7.48 and its 200 day moving average price is $7.56. PIMCO Municipal Income Fund II has a 52 week low of $7.10 and a 52 week high of $8.01.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be given a dividend of $0.0395 per share. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Thursday, August 13th.

Insider Buying and Selling at PIMCO Municipal Income Fund II

In other news, Director Sonya Morris acquired 5,000 shares of PIMCO Municipal Income Fund II stock in a transaction dated Tuesday, July 21st. The stock was acquired at an average cost of $7.50 per share, for a total transaction of $37,500.00. Following the completion of the purchase, the director owned 10,000 shares of the company’s stock, valued at $75,000. This represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

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.