Truist Financial Corp Decreases Stock Holdings in PIMCO Municipal Income Fund II $PML

Truist Financial Corp decreased its holdings in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 67.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,654 shares of the investment management company’s stock after selling 365,296 shares during the quarter. Truist Financial Corp’s holdings in PIMCO Municipal Income Fund II were worth $1,309,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Mutual Advisors LLC purchased a new stake in PIMCO Municipal Income Fund II during the fourth quarter valued at $94,000. Wagner Wealth Management LLC raised its stake in PIMCO Municipal Income Fund II by 506.9% during the fourth quarter. Wagner Wealth Management LLC now owns 973,505 shares of the investment management company’s stock valued at $7,340,000 after purchasing an additional 813,093 shares in the last quarter. GC Wealth Management RIA LLC raised its stake in shares of PIMCO Municipal Income Fund II by 119.5% in the fourth quarter. GC Wealth Management RIA LLC now owns 88,492 shares of the investment management company’s stock valued at $667,000 after acquiring an additional 48,178 shares during the period. Camelot Portfolios LLC purchased a new stake in shares of PIMCO Municipal Income Fund II in the fourth quarter valued at $68,000. Finally, Calamos Advisors LLC raised its stake in shares of PIMCO Municipal Income Fund II by 32.1% in the fourth quarter. Calamos Advisors LLC now owns 73,063 shares of the investment management company’s stock valued at $551,000 after acquiring an additional 17,775 shares during the period.

Insider Buying and Selling at PIMCO Municipal Income Fund II

In other news, Director Sonya Morris bought 5,000 shares of PIMCO Municipal Income Fund II stock in a transaction dated Wednesday, March 25th. The shares were acquired at an average price of $7.48 per share, with a total value of $37,400.00. Following the completion of the purchase, the director owned 5,000 shares in the company, valued at $37,400. The trade was a ∞ 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 Price Performance

Shares of PML opened at $7.41 on Friday. PIMCO Municipal Income Fund II has a twelve month low of $7.10 and a twelve month high of $8.01. The company’s fifty day simple moving average is $7.55 and its 200-day simple moving average is $7.66.

PIMCO Municipal Income Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be paid a $0.0395 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) annualized dividend and a dividend yield of 6.4%.

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.