PIMCO Municipal Income Fund II $PML Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. trimmed its holdings in PIMCO Municipal Income Fund II (NYSE:PML) by 35.7% during the second quarter, HoldingsChannel reports. The firm owned 1,673,808 shares of the investment management company’s stock after selling 928,348 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in PIMCO Municipal Income Fund II were worth $12,738,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Noble Wealth Management PBC grew its position in shares of PIMCO Municipal Income Fund II by 59.6% in the second quarter. Noble Wealth Management PBC now owns 87,991 shares of the investment management company’s stock valued at $670,000 after purchasing an additional 32,863 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of PIMCO Municipal Income Fund II by 8.7% in the first quarter. NewEdge Advisors LLC now owns 72,509 shares of the investment management company’s stock valued at $549,000 after purchasing an additional 5,810 shares during the last quarter. Bank of America Corp DE lifted its position in PIMCO Municipal Income Fund II by 155.6% during the first quarter. Bank of America Corp DE now owns 830,277 shares of the investment management company’s stock worth $6,285,000 after buying an additional 505,452 shares in the last quarter. Arkadios Wealth Advisors purchased a new position in PIMCO Municipal Income Fund II during the first quarter worth approximately $8,240,000. Finally, Royal Bank of Canada boosted its stake in PIMCO Municipal Income Fund II by 10.3% during the first quarter. Royal Bank of Canada now owns 215,850 shares of the investment management company’s stock worth $1,634,000 after buying an additional 20,180 shares during the last quarter.

PIMCO Municipal Income Fund II Stock Performance

Shares of NYSE:PML opened at $7.41 on Friday. The business has a fifty day moving average of $7.48 and a two-hundred day moving average of $7.56. PIMCO Municipal Income Fund II has a 52-week low of $7.10 and a 52-week high of $8.01.

PIMCO Municipal Income Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be given a dividend of $0.0395 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 6.4%.

Insider Buying and Selling at PIMCO Municipal Income Fund II

In other news, Director Sonya Morris acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The stock was purchased at an average price of $7.50 per share, with a total value of $37,500.00. Following the completion of the acquisition, the director owned 10,000 shares of the company’s stock, valued at $75,000. This trade represents a 100.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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.