Rareview Capital LLC Takes Position in PIMCO Municipal Income Fund II $PML

Rareview Capital LLC acquired a new position in shares of PIMCO Municipal Income Fund II (NYSE:PML) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 232,046 shares of the investment management company’s stock, valued at approximately $1,729,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wagner Wealth Management LLC lifted its position in PIMCO Municipal Income Fund II by 11.2% during the first quarter. Wagner Wealth Management LLC now owns 1,082,412 shares of the investment management company’s stock valued at $8,194,000 after buying an additional 108,907 shares in the last quarter. Gridiron Partners LLC raised its stake in shares of PIMCO Municipal Income Fund II by 30.4% in the 2nd quarter. Gridiron Partners LLC now owns 830,828 shares of the investment management company’s stock valued at $6,323,000 after acquiring an additional 193,558 shares during the period. Virtu Financial LLC acquired a new position in shares of PIMCO Municipal Income Fund II during the 4th quarter valued at $1,112,000. Worthington Financial Partners LLC acquired a new stake in PIMCO Municipal Income Fund II in the 4th quarter valued at $1,511,000. Finally, Rivernorth Capital Management LLC increased its holdings in PIMCO Municipal Income Fund II by 5.4% in the 2nd quarter. Rivernorth Capital Management LLC now owns 4,482,914 shares of the investment management company’s stock valued at $34,115,000 after purchasing an additional 231,386 shares in the last quarter.

Insider Buying and Selling

In related news, Director Sonya Morris purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, July 21st. The stock was purchased at an average price of $7.50 per share, for a total transaction of $37,500.00. Following the acquisition, the director directly owned 10,000 shares in the company, valued at $75,000. The trade was a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

PIMCO Municipal Income Fund II Stock Performance

Shares of PML opened at $7.24 on Friday. PIMCO Municipal Income Fund II has a 12 month low of $7.19 and a 12 month high of $8.01. The stock’s 50-day moving average is $7.42 and its two-hundred day moving average is $7.51.

PIMCO Municipal Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be given a dividend of $0.0395 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a c) annualized dividend and a yield of 6.5%.

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.