Rivernorth Capital Management LLC Grows Stock Holdings in PIMCO Municipal Income Fund II $PML

Rivernorth Capital Management LLC boosted its holdings in PIMCO Municipal Income Fund II (NYSE:PML) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,482,914 shares of the investment management company’s stock after buying an additional 231,386 shares during the quarter. PIMCO Municipal Income Fund II makes up approximately 1.6% of Rivernorth Capital Management LLC’s investment portfolio, making the stock its 10th largest position. Rivernorth Capital Management LLC’s holdings in PIMCO Municipal Income Fund II were worth $34,115,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PML. 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 worth $35,000 after acquiring an additional 1,446 shares in the last quarter. US Bancorp DE bought a new position in PIMCO Municipal Income Fund II during the third quarter valued at approximately $45,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of PIMCO Municipal Income Fund II in the third quarter valued at about $58,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of PIMCO Municipal Income Fund II in the 4th quarter worth about $59,000. Finally, Elyxium Wealth LLC bought a new stake in shares of PIMCO Municipal Income Fund II during the 4th quarter valued at $68,000.

PIMCO Municipal Income Fund II Stock Down 0.1%

Shares of PIMCO Municipal Income Fund II stock opened at $7.32 on Monday. PIMCO Municipal Income Fund II has a 52-week low of $7.18 and a 52-week high of $8.01. The company has a 50-day simple moving average of $7.44 and a two-hundred day simple moving average of $7.53.

PIMCO Municipal Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be given a $0.0395 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) annualized dividend and a yield of 6.5%.

Insider Transactions at PIMCO Municipal Income Fund II

In other PIMCO Municipal Income Fund II news, Director Sonya Morris purchased 5,000 shares of PIMCO Municipal Income Fund II 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 completion of the acquisition, the director owned 10,000 shares in the company, valued at $75,000. This represents a 100.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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.