GenTrust LLC Buys Shares of 519,900 PIMCO Municipal Income Fund II $PML

GenTrust LLC purchased a new position in PIMCO Municipal Income Fund II (NYSE:PML) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 519,900 shares of the investment management company’s stock, valued at approximately $4,133,000.

A number of other hedge funds have also recently made changes to their positions in PML. Comerica Bank grew its stake in PIMCO Municipal Income Fund II by 49.7% in the first 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 last quarter. Bank of Montreal Can grew its position in shares of 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 worth $209,000 after buying an additional 1,767 shares during the last quarter. RFG Advisory LLC grew its position in shares of PIMCO Municipal Income Fund II by 13.5% in the 3rd quarter. RFG Advisory LLC now owns 17,002 shares of the investment management company’s stock worth $134,000 after buying an additional 2,026 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of PIMCO Municipal Income Fund II by 0.9% during the 2nd quarter. Cetera Investment Advisers now owns 251,456 shares of the investment management company’s stock worth $1,873,000 after acquiring an additional 2,189 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its position in PIMCO Municipal Income Fund II by 4.1% during the third quarter. J.W. Cole Advisors Inc. now owns 69,799 shares of the investment management company’s stock valued at $552,000 after acquiring an additional 2,724 shares during the last quarter.

PIMCO Municipal Income Fund II Stock Performance

Shares of PML opened at $7.86 on Friday. The company has a 50 day moving average of $7.62 and a two-hundred day moving average of $7.63. PIMCO Municipal Income Fund II has a twelve month low of $7.10 and a twelve month high of $8.67.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 12th will be paid a dividend of $0.0395 per share. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date is Thursday, February 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.