Cliftonlarsonallen Wealth Advisors LLC Buys 80,000 Shares of PIMCO Municipal Income Fund II $PML

Cliftonlarsonallen Wealth Advisors LLC boosted its stake in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 200.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 120,000 shares of the investment management company’s stock after purchasing an additional 80,000 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in PIMCO Municipal Income Fund II were worth $949,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Guggenheim Capital LLC grew its holdings in shares of PIMCO Municipal Income Fund II by 37.7% in the 2nd quarter. Guggenheim Capital LLC now owns 1,227,707 shares of the investment management company’s stock worth $9,146,000 after purchasing an additional 336,317 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in PIMCO Municipal Income Fund II by 5.9% in the second quarter. Envestnet Asset Management Inc. now owns 474,115 shares of the investment management company’s stock valued at $3,532,000 after buying an additional 26,403 shares in the last quarter. Raymond James Financial Inc. boosted its position in PIMCO Municipal Income Fund II by 108.0% in the first quarter. Raymond James Financial Inc. now owns 378,993 shares of the investment management company’s stock valued at $3,070,000 after buying an additional 196,763 shares in the last quarter. Ellis Investment Partners LLC grew its stake in PIMCO Municipal Income Fund II by 4.6% during the second quarter. Ellis Investment Partners LLC now owns 372,497 shares of the investment management company’s stock worth $2,775,000 after buying an additional 16,402 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in shares of PIMCO Municipal Income Fund II by 45.5% during the second quarter. Avantax Advisory Services Inc. now owns 368,498 shares of the investment management company’s stock worth $2,745,000 after buying an additional 115,172 shares in the last quarter.

PIMCO Municipal Income Fund II Trading Down 0.5%

NYSE:PML opened at $7.52 on Tuesday. PIMCO Municipal Income Fund II has a 1 year low of $7.10 and a 1 year high of $8.67. The firm has a 50 day moving average of $7.78 and a 200-day moving average of $7.55.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th will be given a $0.0395 dividend. The ex-dividend date is Thursday, December 11th. This represents a c) annualized dividend and a yield of 6.3%.

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.