PIMCO Municipal Income Fund II (NYSE:PML) Director Sonya Morris Acquires 5,000 Shares

PIMCO Municipal Income Fund II (NYSE:PML) Director Sonya Morris bought 5,000 shares of the stock in a transaction on Tuesday, July 21st. The stock was purchased at an average price of $7.50 per share, with a total value of $37,500.00. Following the completion of the acquisition, the director directly owned 10,000 shares in the company, valued at approximately $75,000. This trade represents a 100.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

PIMCO Municipal Income Fund II Price Performance

NYSE PML opened at $7.33 on Wednesday. The company’s 50-day simple moving average is $7.50 and its two-hundred day simple moving average is $7.58. PIMCO Municipal Income Fund II has a one year low of $7.10 and a one year high of $8.01.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Monday, July 13th will be issued a dividend of $0.0395 per share. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Monday, July 13th.

Hedge Funds Weigh In On PIMCO Municipal Income Fund II

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Guggenheim Capital LLC lifted its position in PIMCO Municipal Income Fund II by 7.5% during 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 acquired a new stake in PIMCO Municipal Income Fund II during the 1st quarter worth about $8,240,000. Wagner Wealth Management LLC raised its stake 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 during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of PIMCO Municipal Income Fund II by 49.2% during 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 buying an additional 290,269 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of PIMCO Municipal Income Fund II by 155.6% during 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 buying an additional 505,452 shares during 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.