Wealth Enhancement Advisory Services LLC Invests $1.71 Million in PIMCO Municipal Income Fund II $PML

Wealth Enhancement Advisory Services LLC purchased a new stake in PIMCO Municipal Income Fund II (NYSE:PML) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 217,663 shares of the investment management company’s stock, valued at approximately $1,706,000.

Other large investors have also recently added to or reduced their stakes in the company. Comerica Bank increased its position in shares of 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 purchasing an additional 1,446 shares during the last quarter. ACT Advisors LLC. acquired a new position in PIMCO Municipal Income Fund II in the third quarter worth about $83,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in PIMCO Municipal Income Fund II in the third quarter valued at about $91,000. Beacon Pointe Advisors LLC acquired a new stake in PIMCO Municipal Income Fund II during the second quarter valued at approximately $93,000. Finally, Jane Street Group LLC bought a new position in PIMCO Municipal Income Fund II during the 2nd quarter worth approximately $101,000.

PIMCO Municipal Income Fund II Trading Up 0.5%

Shares of PML opened at $7.70 on Friday. PIMCO Municipal Income Fund II has a 52 week low of $7.10 and a 52 week high of $8.67. The stock has a 50 day moving average of $7.61 and a 200-day moving average of $7.58.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Tuesday, January 13th will be paid a dividend of $0.0395 per share. The ex-dividend date is Tuesday, January 13th. This represents a c) annualized dividend and a yield of 6.2%.

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.