PIMCO Municipal Income Fund II (NYSE:PML) Announces $0.04 Monthly Dividend

PIMCO Municipal Income Fund II (NYSE:PML) declared a monthly dividend on Tuesday, September 1st. Stockholders of record on Friday, September 11th will be paid a dividend of 0.0395 per share by the investment management company on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, September 11th.

PIMCO Municipal Income Fund II Price Performance

PML opened at $7.25 on Wednesday. PIMCO Municipal Income Fund II has a 1 year low of $7.18 and a 1 year high of $8.01. The company’s 50 day simple moving average is $7.44 and its 200 day simple moving average is $7.53.

Insiders Place Their Bets

In other news, Director Sonya Morris purchased 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 transaction, the director owned 10,000 shares in the company, valued at approximately $75,000. The trade was a 100.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Trading of PIMCO Municipal Income Fund II

A number of institutional investors and hedge funds have recently bought and sold shares of PML. Rivernorth Capital Management LLC lifted its position in PIMCO Municipal Income Fund II by 5.4% during the second quarter. Rivernorth Capital Management LLC now owns 4,482,914 shares of the investment management company’s stock valued at $34,115,000 after buying an additional 231,386 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of PIMCO Municipal Income Fund II by 7.5% in the 4th quarter. Guggenheim Capital LLC now owns 2,338,947 shares of the investment management company’s stock valued at $17,636,000 after acquiring an additional 163,926 shares during the period. Arkadios Wealth Advisors purchased a new position in shares of PIMCO Municipal Income Fund II in the 1st quarter valued at $8,240,000. Bank of America Corp DE acquired a new position in shares of PIMCO Municipal Income Fund II during the 2nd quarter valued at $8,244,000. Finally, Wagner Wealth Management LLC boosted its position in 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 worth $8,194,000 after purchasing an additional 108,907 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.