PIMCO Municipal Income Fund II (NYSE:PML) Shares Cross Above Fifty Day Moving Average – Should You Sell?

by · The Cerbat Gem

Shares of PIMCO Municipal Income Fund II (NYSE:PMLGet Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $7.51 and traded as high as $7.55. PIMCO Municipal Income Fund II shares last traded at $7.5050, with a volume of 335,967 shares.

PIMCO Municipal Income Fund II Trading Up 0.2%

The firm’s 50-day simple moving average is $7.51 and its two-hundred day simple moving average is $7.59.

PIMCO Municipal Income Fund II Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Sonya Morris acquired 5,000 shares of PIMCO Municipal Income Fund II stock in a transaction that occurred on Wednesday, March 25th. The stock was purchased at an average cost of $7.48 per share, with a total value of $37,400.00. Following the completion of the acquisition, the director owned 5,000 shares in the company, valued at $37,400. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Asset Dedication LLC acquired a new stake in PIMCO Municipal Income Fund II in the 4th quarter valued at about $26,000. Comerica Bank grew its position in shares of PIMCO Municipal Income Fund II by 49.7% in the first 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 during the last quarter. Global Wealth Strategies & Associates increased its stake in shares of PIMCO Municipal Income Fund II by 106.1% during the 4th quarter. Global Wealth Strategies & Associates now owns 5,465 shares of the investment management company’s stock worth $41,000 after purchasing an additional 2,813 shares in the last quarter. US Bancorp DE acquired a new position in shares of PIMCO Municipal Income Fund II during the 3rd quarter worth approximately $45,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in PIMCO Municipal Income Fund II during the 3rd quarter worth about $58,000.

PIMCO Municipal Income Fund II Company Profile

(Get Free Report)

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.

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