Pimco Municipal Income Fund II (NYSE:PML) Stock Crosses Above 50 Day Moving Average of $15.79

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Pimco Municipal Income Fund II (NYSE:PML)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $15.79 and traded as high as $15.02. Pimco Municipal Income Fund II shares last traded at $14.92, with a volume of 4,587 shares changing hands.

The company has a 50-day moving average price of $15.76 and a 200-day moving average price of $14.98.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a $0.065 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.78 annualized dividend and a dividend yield of 5.24%.

Several large investors have recently modified their holdings of PML. Global Wealth Management Investment Advisory Inc. purchased a new stake in shares of Pimco Municipal Income Fund II in the second quarter valued at $29,000. Ellevest Inc. purchased a new stake in shares of Pimco Municipal Income Fund II in the second quarter valued at $33,000. RFG Advisory LLC lifted its position in shares of Pimco Municipal Income Fund II by 27.0% in the second quarter. RFG Advisory LLC now owns 15,692 shares of the investment management company’s stock valued at $235,000 after acquiring an additional 3,333 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Pimco Municipal Income Fund II in the second quarter valued at $253,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Pimco Municipal Income Fund II by 21.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 17,354 shares of the investment management company’s stock valued at $260,000 after acquiring an additional 3,044 shares in the last quarter.

Pimco Municipal Income Fund II Company Profile (NYSE:PML)

PIMCO Municipal Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets. The fund invests in stocks of companies operating across diversified sectors.

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