PIMCO Municipal Income Fund II $PML is Rivernorth Capital Management LLC’s 8th Largest Position

Rivernorth Capital Management LLC decreased its stake in PIMCO Municipal Income Fund II (NYSE:PML) by 15.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,251,528 shares of the investment management company’s stock after selling 778,383 shares during the period. PIMCO Municipal Income Fund II makes up 1.6% of Rivernorth Capital Management LLC’s investment portfolio, making the stock its 8th largest holding. Rivernorth Capital Management LLC’s holdings in PIMCO Municipal Income Fund II were worth $32,184,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its position in shares of PIMCO Municipal Income Fund II by 49.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 880,651 shares of the investment management company’s stock valued at $6,640,000 after acquiring an additional 290,269 shares during the period. Wagner Wealth Management LLC increased its stake in PIMCO Municipal Income Fund II by 11.2% in the 1st quarter. Wagner Wealth Management LLC now owns 1,082,412 shares of the investment management company’s stock valued at $8,194,000 after purchasing an additional 108,907 shares in the last quarter. Worthington Financial Partners LLC acquired a new position in PIMCO Municipal Income Fund II during the fourth quarter worth $1,511,000. Virtu Financial LLC purchased a new stake in PIMCO Municipal Income Fund II during the fourth quarter worth $1,112,000. Finally, Wolverine Asset Management LLC acquired a new stake in PIMCO Municipal Income Fund II in the fourth quarter valued at $197,000.

PIMCO Municipal Income Fund II Stock Performance

Shares of PML stock opened at $7.33 on Wednesday. PIMCO Municipal Income Fund II has a fifty-two week low of $7.10 and a fifty-two week high of $8.01. The business has a fifty day simple moving average of $7.50 and a 200-day simple moving average of $7.58.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be issued a dividend of $0.0395 per share. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date is Monday, July 13th.

Insider Transactions at PIMCO Municipal Income Fund II

In other PIMCO Municipal Income Fund II news, Director Sonya Morris bought 5,000 shares of the business’s stock in a transaction on Tuesday, July 21st. The stock was bought at an average price of $7.50 per share, for a total transaction of $37,500.00. Following the completion of the transaction, the director owned 10,000 shares in the company, valued at approximately $75,000. The trade was a 100.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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.