Rareview Capital LLC Acquires Shares of 232,046 PIMCO Municipal Income Fund II $PML

Rareview Capital LLC purchased a new position in PIMCO Municipal Income Fund II (NYSE:PML) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 232,046 shares of the investment management company’s stock, valued at approximately $1,729,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PML. Comerica Bank grew its stake in PIMCO Municipal Income Fund II by 49.7% during the 1st quarter. Comerica Bank now owns 4,353 shares of the investment management company’s stock valued at $35,000 after purchasing an additional 1,446 shares in the last quarter. US Bancorp DE purchased a new stake in PIMCO Municipal Income Fund II during the 3rd quarter worth approximately $45,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of PIMCO Municipal Income Fund II in the 3rd quarter valued at approximately $58,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of PIMCO Municipal Income Fund II in the 4th quarter valued at approximately $59,000. Finally, Elyxium Wealth LLC purchased a new position in shares of PIMCO Municipal Income Fund II during the 4th quarter valued at approximately $68,000.

PIMCO Municipal Income Fund II Price Performance

PML stock opened at $7.24 on Friday. The firm has a 50 day simple moving average of $7.42 and a 200-day simple moving average of $7.51. PIMCO Municipal Income Fund II has a twelve month low of $7.19 and a twelve month high of $8.01.

PIMCO Municipal Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be paid a dividend of $0.0395 per share. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Friday, September 11th.

Insider Buying and Selling

In related news, Director Sonya Morris acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, July 21st. The stock was bought at an average cost of $7.50 per share, with a total value of $37,500.00. Following the acquisition, the director directly owned 10,000 shares in the company, valued at approximately $75,000. The trade was a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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.