Truist Financial Corp Increases Stock Position in PIMCO Municipal Income Fund II $PML

Truist Financial Corp boosted its holdings in PIMCO Municipal Income Fund II (NYSE:PML) by 1,359.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 538,950 shares of the investment management company’s stock after purchasing an additional 502,023 shares during the quarter. Truist Financial Corp’s holdings in PIMCO Municipal Income Fund II were worth $4,263,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Comerica Bank increased 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 valued at $35,000 after purchasing an additional 1,446 shares during the period. ACT Advisors LLC. purchased a new position in shares of PIMCO Municipal Income Fund II during the third quarter worth about $83,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in PIMCO Municipal Income Fund II in the 3rd quarter valued at about $91,000. Beacon Pointe Advisors LLC acquired a new stake in PIMCO Municipal Income Fund II during the 2nd quarter worth approximately $93,000. Finally, Jane Street Group LLC acquired a new stake in PIMCO Municipal Income Fund II during the 2nd quarter worth approximately $101,000.

PIMCO Municipal Income Fund II Trading Down 0.5%

Shares of PML stock opened at $7.73 on Thursday. The business’s 50 day moving average is $7.61 and its two-hundred day moving average is $7.60. PIMCO Municipal Income Fund II has a twelve month low of $7.10 and a twelve month high of $8.67.

PIMCO Municipal Income Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 12th will be paid a $0.0395 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Thursday, February 12th.

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.