Traynor Capital Management Inc. Decreases Stock Holdings in PIMCO Municipal Income Fund II $PML

Traynor Capital Management Inc. trimmed its position in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 61.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,781 shares of the investment management company’s stock after selling 98,207 shares during the period. Traynor Capital Management Inc.’s holdings in PIMCO Municipal Income Fund II were worth $466,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Comerica Bank increased its holdings in PIMCO Municipal Income Fund II by 49.7% during the 1st 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. Focus Partners Wealth bought a new position in PIMCO Municipal Income Fund II during the 1st quarter valued at approximately $202,000. Cetera Investment Advisers lifted its holdings in PIMCO Municipal Income Fund II by 0.9% in the 2nd quarter. Cetera Investment Advisers now owns 251,456 shares of the investment management company’s stock worth $1,873,000 after buying an additional 2,189 shares during the period. Beacon Pointe Advisors LLC bought a new stake in shares of PIMCO Municipal Income Fund II in the 2nd quarter worth approximately $93,000. Finally, Guggenheim Capital LLC grew its position in shares of PIMCO Municipal Income Fund II by 37.7% in the 2nd quarter. Guggenheim Capital LLC now owns 1,227,707 shares of the investment management company’s stock worth $9,146,000 after buying an additional 336,317 shares during the last quarter.

PIMCO Municipal Income Fund II Price Performance

PML opened at $7.33 on Friday. The stock’s 50 day moving average price is $7.70 and its 200-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 Dividend Announcement

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