PIMCO Municipal Income Fund II $PML Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lessened its stake in PIMCO Municipal Income Fund II (NYSE:PML) by 35.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,673,808 shares of the investment management company’s stock after selling 928,348 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in PIMCO Municipal Income Fund II were worth $12,738,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in PML. Asset Dedication LLC purchased a new position in PIMCO Municipal Income Fund II during the fourth quarter valued at $26,000. Comerica Bank increased its stake in shares of PIMCO Municipal Income Fund II by 49.7% during the first quarter. Comerica Bank now owns 4,353 shares of the investment management company’s stock worth $35,000 after purchasing an additional 1,446 shares in the last quarter. US Bancorp DE purchased a new stake in shares of PIMCO Municipal Income Fund II during the third quarter worth about $45,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of PIMCO Municipal Income Fund II during the third quarter worth about $58,000. Finally, Garton & Associates Financial Advisors LLC acquired a new position in shares of PIMCO Municipal Income Fund II during the 4th quarter worth about $59,000.

PIMCO Municipal Income Fund II Stock Up 0.6%

Shares of PIMCO Municipal Income Fund II stock 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 firm’s 50-day moving average price is $7.48 and its 200 day moving average price is $7.56.

PIMCO Municipal Income Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.0395 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%.

Insider Buying and Selling at PIMCO Municipal Income Fund II

In other news, Director Sonya Morris bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The shares were acquired at an average price of $7.50 per share, for a total transaction of $37,500.00. Following the completion of the transaction, the director directly owned 10,000 shares in the company, valued at $75,000. The trade was a 100.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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.