Sonya Morris Purchases 5,000 Shares of PIMCO Municipal Income Fund II (NYSE:PML) Stock

PIMCO Municipal Income Fund II (NYSE:PML) Director Sonya Morris acquired 5,000 shares of PIMCO Municipal Income Fund II stock in a transaction that occurred on Tuesday, July 21st. The stock was purchased at an average cost 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. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

PIMCO Municipal Income Fund II Stock Up 0.2%

Shares of NYSE:PML traded up $0.02 during trading hours on Tuesday, hitting $7.33. 209,784 shares of the company’s stock traded hands, compared to its average volume of 412,769. PIMCO Municipal Income Fund II has a 1 year low of $7.10 and a 1 year high of $8.01. The business has a fifty day moving average price of $7.50 and a 200-day moving average price of $7.58.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Monday, July 13th will be paid a dividend of $0.0395 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Monday, July 13th.

Institutional Trading of PIMCO Municipal Income Fund II

Several institutional investors and hedge funds have recently made changes to their positions in the business. Asset Dedication LLC bought a new position in shares of PIMCO Municipal Income Fund II in the fourth quarter worth about $26,000. Comerica Bank increased its stake in PIMCO Municipal Income Fund II by 49.7% in the 1st quarter. Comerica Bank now owns 4,353 shares of the investment management company’s stock worth $35,000 after buying an additional 1,446 shares during the period. US Bancorp DE bought a new stake in PIMCO Municipal Income Fund II during the 3rd quarter valued at about $45,000. Northwestern Mutual Wealth Management Co. bought a new stake in PIMCO Municipal Income Fund II during the 3rd quarter valued at about $58,000. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in PIMCO Municipal Income Fund II in the 4th quarter valued at about $59,000.

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.