PIMCO Municipal Income Fund II (NYSE:PML) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

PIMCO Municipal Income Fund II (NYSE:PML)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $7.62 and traded as high as $7.85. PIMCO Municipal Income Fund II shares last traded at $7.8420, with a volume of 302,047 shares traded.

PIMCO Municipal Income Fund II Trading Up 0.0%

The company has a 50 day simple moving average of $7.62 and a 200-day simple moving average of $7.62.

PIMCO Municipal Income Fund II Dividend Announcement

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

Institutional Trading of PIMCO Municipal Income Fund II

Institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. boosted its holdings in shares of PIMCO Municipal Income Fund II by 14.1% in the 4th quarter. Advisors Asset Management Inc. now owns 725,066 shares of the investment management company’s stock valued at $5,467,000 after buying an additional 89,716 shares during the period. Hollencrest Capital Management lifted its holdings in PIMCO Municipal Income Fund II by 50.0% in the fourth quarter. Hollencrest Capital Management now owns 19,367 shares of the investment management company’s stock worth $146,000 after acquiring an additional 6,452 shares during the last quarter. Jane Street Group LLC lifted its holdings in PIMCO Municipal Income Fund II by 540.9% in the fourth quarter. Jane Street Group LLC now owns 348,771 shares of the investment management company’s stock worth $2,630,000 after acquiring an additional 294,356 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in PIMCO Municipal Income Fund II by 19.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 133,806 shares of the investment management company’s stock valued at $1,009,000 after acquiring an additional 21,448 shares during the period. Finally, StoneX Group Inc. grew its holdings in shares of PIMCO Municipal Income Fund II by 12.2% during the fourth quarter. StoneX Group Inc. now owns 145,193 shares of the investment management company’s stock valued at $1,096,000 after purchasing an additional 15,760 shares during the last quarter.

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.