PIMCO Municipal Income Fund II (NYSE:PML) Share Price Passes Above 50-Day Moving Average – Here’s Why

PIMCO Municipal Income Fund II (NYSE:PML)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $7.61 and traded as high as $7.67. PIMCO Municipal Income Fund II shares last traded at $7.6550, with a volume of 306,244 shares trading hands.

PIMCO Municipal Income Fund II Stock Performance

The business has a fifty day moving average of $7.61 and a two-hundred day moving average of $7.58.

PIMCO Municipal Income Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Tuesday, January 13th will be issued a $0.0395 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Tuesday, January 13th.

Institutional Trading of PIMCO Municipal Income Fund II

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Asset Dedication LLC acquired a new position in PIMCO Municipal Income Fund II in the 4th quarter valued at about $26,000. Comerica Bank boosted its holdings 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 acquiring an additional 1,446 shares during the period. Global Wealth Strategies & Associates grew its position in shares of PIMCO Municipal Income Fund II by 106.1% in the fourth quarter. Global Wealth Strategies & Associates now owns 5,465 shares of the investment management company’s stock valued at $41,000 after purchasing an additional 2,813 shares during the last quarter. US Bancorp DE bought a new position in shares of PIMCO Municipal Income Fund II during the third quarter worth approximately $45,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of PIMCO Municipal Income Fund II during the third quarter worth approximately $58,000.

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.