PIMCO Municipal Income Fund II (NYSE:PML) Share Price Passes Above 50 Day Moving Average – Should You Sell?

PIMCO Municipal Income Fund II (NYSE:PML) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.65 and traded as high as $7.65. PIMCO Municipal Income Fund II shares last traded at $7.6050, with a volume of 186,223 shares changing hands.

PIMCO Municipal Income Fund II Stock Up 0.1%

The stock has a fifty day moving average price of $7.65 and a 200-day moving average price of $7.70.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 1st. Stockholders of record on Monday, April 13th will be issued a $0.0395 dividend. The ex-dividend date is Monday, April 13th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%.

Insider Activity

In related news, Director Sonya Morris purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, March 25th. The shares were acquired at an average cost of $7.48 per share, with a total value of $37,400.00. Following the completion of the purchase, the director owned 5,000 shares of the company’s stock, valued at $37,400. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge Funds Weigh In On PIMCO Municipal Income Fund II

Hedge funds have recently modified their holdings of the stock. Asset Dedication LLC acquired a new position in shares of PIMCO Municipal Income Fund II in the fourth quarter worth $26,000. Comerica Bank increased its stake 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 worth $35,000 after acquiring 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% in the fourth quarter. Global Wealth Strategies & Associates now owns 5,465 shares of the investment management company’s stock worth $41,000 after acquiring an additional 2,813 shares during the last quarter. US Bancorp DE acquired a new position in shares of PIMCO Municipal Income Fund II in the third quarter worth $45,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of PIMCO Municipal Income Fund II in the third quarter worth $58,000.

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.