Wagner Wealth Management LLC Purchases 108,907 Shares of PIMCO Municipal Income Fund II $PML

Wagner Wealth Management LLC increased its position in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 11.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,082,412 shares of the investment management company’s stock after buying an additional 108,907 shares during the period. PIMCO Municipal Income Fund II comprises approximately 1.7% of Wagner Wealth Management LLC’s holdings, making the stock its 16th largest holding. Wagner Wealth Management LLC’s holdings in PIMCO Municipal Income Fund II were worth $8,194,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Comerica Bank lifted its stake in PIMCO Municipal Income Fund II by 49.7% in 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. Focus Partners Wealth purchased a new position in PIMCO Municipal Income Fund II during the 1st quarter valued at about $202,000. Jane Street Group LLC purchased a new position in PIMCO Municipal Income Fund II during the 2nd quarter valued at about $101,000. Bank of America Corp DE increased its position in PIMCO Municipal Income Fund II by 23.8% during the 2nd quarter. Bank of America Corp DE now owns 107,431 shares of the investment management company’s stock valued at $800,000 after purchasing an additional 20,678 shares during the period. Finally, Balyasny Asset Management L.P. bought a new stake in shares of PIMCO Municipal Income Fund II in the 2nd quarter valued at about $768,000.

PIMCO Municipal Income Fund II Stock Performance

NYSE:PML opened at $7.66 on Wednesday. The firm has a 50-day simple moving average of $7.51 and a 200-day simple moving average of $7.59. PIMCO Municipal Income Fund II has a one year low of $7.10 and a one year high of $8.01.

PIMCO Municipal Income Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be issued a dividend of $0.0395 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Thursday, June 11th.

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.