Fiera Capital Corp Purchases 339,650 Shares of PIMCO Municipal Income Fund II $PML

Fiera Capital Corp raised its position in PIMCO Municipal Income Fund II (NYSE:PML) by 93.8% during the third quarter, Holdings Channel reports. The firm owned 701,680 shares of the investment management company’s stock after purchasing an additional 339,650 shares during the period. Fiera Capital Corp’s holdings in PIMCO Municipal Income Fund II were worth $5,550,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PML. Comerica Bank raised its stake in PIMCO Municipal Income Fund II by 49.7% during the first quarter. Comerica Bank now owns 4,353 shares of the investment management company’s stock worth $35,000 after buying an additional 1,446 shares during the last quarter. Bessemer Group Inc. bought a new stake in PIMCO Municipal Income Fund II during the third quarter valued at $59,000. ACT Advisors LLC. acquired a new stake in PIMCO Municipal Income Fund II during the 3rd quarter worth about $83,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in PIMCO Municipal Income Fund II during the 3rd quarter worth about $91,000. Finally, Beacon Pointe Advisors LLC bought a new position in shares of PIMCO Municipal Income Fund II in the 2nd quarter worth about $93,000.

PIMCO Municipal Income Fund II Price Performance

Shares of NYSE:PML opened at $7.84 on Friday. PIMCO Municipal Income Fund II has a 1 year low of $7.10 and a 1 year high of $8.67. The business’s 50-day moving average is $7.65 and its 200-day moving average is $7.65.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 12th will be paid a $0.0395 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) annualized dividend and a yield of 6.0%.

About PIMCO Municipal Income Fund II

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.