PIMCO Municipal Income Fund II (NYSE:PML) Director Buys $37,400.00 in Stock

PIMCO Municipal Income Fund II (NYSE:PML) Director Sonya Morris purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was purchased 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 directly owned 5,000 shares of the company’s stock, valued at approximately $37,400. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

PIMCO Municipal Income Fund II Stock Performance

Shares of NYSE PML opened at $7.35 on Friday. The stock’s 50 day moving average price is $7.69 and its two-hundred day moving average price is $7.72. PIMCO Municipal Income Fund II has a 52-week low of $7.10 and a 52-week high of $8.17.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.0395 per share. The ex-dividend date is Thursday, March 12th. This represents a c) annualized dividend and a yield of 6.5%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PML. Asset Dedication LLC acquired a new position in shares of PIMCO Municipal Income Fund II in the 4th quarter valued at about $26,000. Comerica Bank raised its stake in 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 raised its stake in PIMCO Municipal Income Fund II by 106.1% during the fourth quarter. Global Wealth Strategies & Associates now owns 5,465 shares of the investment management company’s stock worth $41,000 after acquiring an additional 2,813 shares during the period. US Bancorp DE bought a new position in PIMCO Municipal Income Fund II in the third quarter worth about $45,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in PIMCO Municipal Income Fund II in the third quarter worth about $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.