PIMCO Municipal Income Fund II (NYSE:PML) Stock Passes Above 50-Day Moving Average – What’s Next?

PIMCO Municipal Income Fund II (NYSE:PML)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $7.52 and traded as high as $7.61. PIMCO Municipal Income Fund II shares last traded at $7.5950, with a volume of 355,700 shares trading hands.

PIMCO Municipal Income Fund II Price Performance

The company’s 50-day moving average is $7.52 and its 200 day moving average is $7.59.

PIMCO Municipal Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be issued a $0.0395 dividend. The ex-dividend date of this dividend is Monday, July 13th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%.

Hedge Funds Weigh In On PIMCO Municipal Income Fund II

Several hedge funds have recently made changes to their positions in PML. Arkadios Wealth Advisors purchased a new position in PIMCO Municipal Income Fund II in the 1st quarter worth $8,240,000. Wagner Wealth Management LLC grew its stake in PIMCO Municipal Income Fund II by 506.9% during the 4th quarter. Wagner Wealth Management LLC now owns 973,505 shares of the investment management company’s stock valued at $7,340,000 after purchasing an additional 813,093 shares during the last quarter. Gridiron Partners LLC increased its holdings in shares of PIMCO Municipal Income Fund II by 797.6% in the fourth quarter. Gridiron Partners LLC now owns 695,624 shares of the investment management company’s stock valued at $5,245,000 after purchasing an additional 618,125 shares during the period. Bank of America Corp DE increased its holdings in shares of PIMCO Municipal Income Fund II by 155.6% in the first quarter. Bank of America Corp DE now owns 830,277 shares of the investment management company’s stock valued at $6,285,000 after purchasing an additional 505,452 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new position in shares of PIMCO Municipal Income Fund II in the fourth quarter worth about $3,604,000.

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.