Cornerstone Advisory LLC Trims Stock Position in PIMCO Municipal Income Fund II $PML

Cornerstone Advisory LLC lessened its stake in PIMCO Municipal Income Fund II (NYSE:PML) by 37.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,722 shares of the investment management company’s stock after selling 86,019 shares during the period. Cornerstone Advisory LLC’s holdings in PIMCO Municipal Income Fund II were worth $1,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in PML. 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. Bessemer Group Inc. purchased a new stake in PIMCO Municipal Income Fund II in the third quarter valued at approximately $59,000. ACT Advisors LLC. acquired a new stake in shares of PIMCO Municipal Income Fund II in the third quarter valued at approximately $83,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of PIMCO Municipal Income Fund II in the third quarter valued at approximately $91,000. Finally, Beacon Pointe Advisors LLC acquired a new position in shares of PIMCO Municipal Income Fund II in the 2nd quarter valued at $93,000.

PIMCO Municipal Income Fund II Trading Down 0.2%

Shares of NYSE:PML opened at $7.86 on Wednesday. PIMCO Municipal Income Fund II has a 1-year low of $7.10 and a 1-year high of $8.67. The firm has a fifty day moving average price of $7.63 and a 200 day moving average price of $7.64.

PIMCO Municipal Income Fund II Announces Dividend

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

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.