Melfa Wealth Management Inc. Acquires 133,892 Shares of PIMCO Municipal Income Fund II $PML

Melfa Wealth Management Inc. lifted its stake in PIMCO Municipal Income Fund II (NYSE:PML) by 535.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,892 shares of the investment management company’s stock after purchasing an additional 133,892 shares during the quarter. Melfa Wealth Management Inc.’s holdings in PIMCO Municipal Income Fund II were worth $1,257,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Comerica Bank increased its position in PIMCO Municipal Income Fund II by 49.7% during the 1st 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 in the last quarter. ACT Advisors LLC. purchased a new stake in shares of PIMCO Municipal Income Fund II in the third quarter worth $83,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of PIMCO Municipal Income Fund II during the third quarter valued at $91,000. Beacon Pointe Advisors LLC purchased a new position in shares of PIMCO Municipal Income Fund II in the 2nd quarter worth about $93,000. Finally, Jane Street Group LLC bought a new position in PIMCO Municipal Income Fund II in the 2nd quarter worth about $101,000.

PIMCO Municipal Income Fund II Stock Performance

NYSE:PML opened at $7.65 on Thursday. PIMCO Municipal Income Fund II has a fifty-two week low of $7.10 and a fifty-two week high of $8.67. The firm has a 50-day simple moving average of $7.66 and a two-hundred day simple moving average of $7.57.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Tuesday, January 13th will be given a $0.0395 dividend. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a c) annualized dividend and a yield of 6.2%.

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.