PIMCO Municipal Income Fund II (NYSE:PML) Director Purchases $37,500.00 in Stock

PIMCO Municipal Income Fund II (NYSE:PML) Director Sonya Morris purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, July 21st. The shares were purchased at an average cost of $7.50 per share, for a total transaction of $37,500.00. Following the purchase, the director directly owned 10,000 shares of the company’s stock, valued at $75,000. This trade represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

PIMCO Municipal Income Fund II Trading Down 0.3%

Shares of PML stock opened at $7.30 on Friday. The stock has a 50-day moving average price of $7.50 and a 200 day moving average price of $7.58. PIMCO Municipal Income Fund II has a 12 month low of $7.10 and a 12 month high of $8.01.

PIMCO Municipal Income Fund II Announces Dividend

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

Institutional Investors Weigh In On PIMCO Municipal Income Fund II

Institutional investors and hedge funds have recently modified their holdings of the business. Comerica Bank lifted its holdings 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 buying an additional 1,446 shares during the period. Focus Partners Wealth acquired a new stake in PIMCO Municipal Income Fund II during the 1st quarter worth $202,000. Jane Street Group LLC acquired a new stake in PIMCO Municipal Income Fund II during the 2nd quarter worth $101,000. Bank of America Corp DE raised its position in shares of PIMCO Municipal Income Fund II by 23.8% during the 2nd quarter. Bank of America Corp DE now owns 107,431 shares of the investment management company’s stock valued at $800,000 after acquiring an additional 20,678 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in shares of PIMCO Municipal Income Fund II during the 2nd quarter valued at $768,000.

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.