PIMCO Municipal Income Fund II (NYSE:PML) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Shares of PIMCO Municipal Income Fund II (NYSE:PML) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $7.51 and traded as high as $7.53. PIMCO Municipal Income Fund II shares last traded at $7.5150, with a volume of 382,552 shares changing hands.

PIMCO Municipal Income Fund II Stock Up 1.3%

The firm has a 50 day moving average price of $7.51 and a two-hundred day moving average price of $7.60.

PIMCO Municipal Income Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be paid a $0.0395 dividend. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Thursday, June 11th.

Insider Buying and Selling at PIMCO Municipal Income Fund II

In related news, Director Sonya Morris acquired 5,000 shares of the stock in a transaction dated 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 purchase, the director owned 5,000 shares in the company, valued at approximately $37,400. This trade represents a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders purchased 5,745 shares of company stock valued at $42,908.

Institutional Investors Weigh In On PIMCO Municipal Income Fund II

A number of large investors have recently bought and sold shares of PML. Arkadios Wealth Advisors bought a new stake in PIMCO Municipal Income Fund II during the 1st quarter worth approximately $8,240,000. Wagner Wealth Management LLC grew its position in PIMCO Municipal Income Fund II by 506.9% during the 4th quarter. Wagner Wealth Management LLC now owns 973,505 shares of the investment management company’s stock worth $7,340,000 after acquiring an additional 813,093 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in PIMCO Municipal Income Fund II during the 3rd quarter worth approximately $5,026,000. Gridiron Partners LLC grew its position in PIMCO Municipal Income Fund II by 797.6% during the 4th quarter. Gridiron Partners LLC now owns 695,624 shares of the investment management company’s stock worth $5,245,000 after acquiring an additional 618,125 shares during the last quarter. Finally, GenTrust LLC bought a new stake in PIMCO Municipal Income Fund II during the 3rd quarter worth approximately $4,133,000.

About PIMCO Municipal Income Fund II

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.