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

Truist Financial Corp lessened its stake in PIMCO Municipal Income Fund II (NYSE:PML) by 67.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 173,654 shares of the investment management company’s stock after selling 365,296 shares during the quarter. Truist Financial Corp’s holdings in PIMCO Municipal Income Fund II were worth $1,309,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. 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. RFG Advisory LLC increased its stake in PIMCO Municipal Income Fund II by 13.5% in the 3rd quarter. RFG Advisory LLC now owns 17,002 shares of the investment management company’s stock worth $134,000 after buying an additional 2,026 shares during the period. Novem Group increased its stake in PIMCO Municipal Income Fund II by 6.5% in the 4th quarter. Novem Group now owns 34,233 shares of the investment management company’s stock worth $258,000 after buying an additional 2,098 shares during the period. Koshinski Asset Management Inc. increased its stake in PIMCO Municipal Income Fund II by 1.7% in the 3rd quarter. Koshinski Asset Management Inc. now owns 144,234 shares of the investment management company’s stock worth $1,141,000 after buying an additional 2,359 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in PIMCO Municipal Income Fund II by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 220,053 shares of the investment management company’s stock worth $1,670,000 after buying an additional 2,390 shares during the period.

PIMCO Municipal Income Fund II Stock Down 1.7%

PML stock opened at $7.41 on Friday. PIMCO Municipal Income Fund II has a 12 month low of $7.10 and a 12 month high of $8.01. The firm’s 50-day moving average is $7.55 and its 200 day moving average is $7.66.

PIMCO Municipal Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be issued a dividend of $0.0395 per share. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date is Monday, May 11th.

Insider Transactions at PIMCO Municipal Income Fund II

In other PIMCO Municipal Income Fund II news, Director Sonya Morris bought 5,000 shares of the company’s stock in a transaction on Wednesday, March 25th. The shares were bought at an average cost of $7.48 per share, for a total transaction of $37,400.00. Following the acquisition, the director directly owned 5,000 shares in the company, valued at approximately $37,400. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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.