Smith Moore & CO. Invests $1.45 Million in PIMCO Municipal Income Fund II $PML

Smith Moore & CO. acquired a new stake in shares of PIMCO Municipal Income Fund II (NYSE:PML) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 182,942 shares of the investment management company’s stock, valued at approximately $1,447,000.

A number of other institutional investors have also recently made changes to their positions in the business. Advisors Asset Management Inc. acquired a new position in PIMCO Municipal Income Fund II during the 3rd quarter valued at about $5,026,000. Gill Capital Partners LLC boosted its holdings in PIMCO Municipal Income Fund II by 1,138.7% in the third quarter. Gill Capital Partners LLC now owns 594,274 shares of the investment management company’s stock worth $4,701,000 after acquiring an additional 546,299 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC grew its stake in shares of PIMCO Municipal Income Fund II by 200.0% during the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 120,000 shares of the investment management company’s stock worth $949,000 after acquiring an additional 80,000 shares during the last quarter. GenTrust LLC acquired a new position in shares of PIMCO Municipal Income Fund II during the third quarter valued at about $4,133,000. 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 valued at $2,745,000 after acquiring an additional 115,172 shares in the last quarter.

PIMCO Municipal Income Fund II Trading Down 0.1%

PML stock opened at $7.72 on Friday. PIMCO Municipal Income Fund II has a 52 week low of $7.10 and a 52 week high of $8.54. The firm has a 50 day moving average of $7.70 and a 200 day moving average of $7.69.

PIMCO Municipal Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 12th were issued a dividend of $0.0395 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%.

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.