PIMCO Municipal Income Fund II (NYSE:PML) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

PIMCO Municipal Income Fund II (NYSE:PML) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $7.51 and traded as high as $7.53. PIMCO Municipal Income Fund II shares last traded at $7.5150, with a volume of 382,552 shares.

PIMCO Municipal Income Fund II Stock Performance

The firm has a 50 day moving average of $7.51 and a 200-day moving average of $7.60.

PIMCO Municipal Income Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be paid a dividend of $0.0395 per share. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Thursday, June 11th.

Insider Transactions at PIMCO Municipal Income Fund II

In other news, Director Sonya Morris purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were purchased at an average cost of $7.48 per share, for a total transaction of $37,400.00. Following the completion of the purchase, the director directly owned 5,000 shares of the company’s stock, valued at approximately $37,400. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders bought 5,745 shares of company stock worth $42,908 in the last 90 days.

Hedge Funds Weigh In On PIMCO Municipal Income Fund II

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its stake in PIMCO Municipal Income Fund II by 0.5% during the fourth quarter. Captrust Financial Advisors now owns 283,257 shares of the investment management company’s stock valued at $2,136,000 after acquiring an additional 1,426 shares during the period. Comerica Bank grew its stake 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. Wakefield Asset Management LLLP grew its stake in shares of PIMCO Municipal Income Fund II by 0.7% in the 4th quarter. Wakefield Asset Management LLLP now owns 214,566 shares of the investment management company’s stock valued at $1,618,000 after purchasing an additional 1,541 shares during the period. RFG Advisory LLC grew its stake in shares of PIMCO Municipal Income Fund II by 13.5% in the 3rd quarter. RFG Advisory LLC now owns 17,002 shares of the investment management company’s stock valued at $134,000 after purchasing an additional 2,026 shares during the period. Finally, Novem Group grew its stake in shares of PIMCO Municipal Income Fund II by 6.5% in the 4th quarter. Novem Group now owns 34,233 shares of the investment management company’s stock valued at $258,000 after purchasing an additional 2,098 shares during the period.

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.