PIMCO Municipal Income Fund II (NYSE:PML) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

PIMCO Municipal Income Fund II (NYSE:PML) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.25 and traded as low as $7.58. PIMCO Municipal Income Fund II shares last traded at $7.59, with a volume of 217,161 shares changing hands.

PIMCO Municipal Income Fund II Trading Down 0.5%

The firm has a 50-day simple moving average of $7.80 and a 200-day simple moving average of $8.25.

PIMCO Municipal Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be given a dividend of $0.0395 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.47 annualized dividend and a yield of 6.25%.

Institutional Trading of PIMCO Municipal Income Fund II

Hedge funds and other institutional investors have recently made changes to their positions in the business. Atria Wealth Solutions Inc. lifted its holdings in shares of PIMCO Municipal Income Fund II by 76.6% during the 4th quarter. Atria Wealth Solutions Inc. now owns 72,991 shares of the investment management company’s stock valued at $590,000 after purchasing an additional 31,670 shares during the last quarter. Kingsview Wealth Management LLC purchased a new stake in shares of PIMCO Municipal Income Fund II during the 4th quarter valued at $88,000. Commonwealth Equity Services LLC lifted its holdings in shares of PIMCO Municipal Income Fund II by 15.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 36,359 shares of the investment management company’s stock valued at $294,000 after purchasing an additional 4,821 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of PIMCO Municipal Income Fund II during the 4th quarter valued at $1,474,000. Finally, StoneX Group Inc. purchased a new stake in shares of PIMCO Municipal Income Fund II during the 4th quarter valued at $978,000.

PIMCO Municipal Income Fund II Company Profile

PIMCO Municipal Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets. The fund invests in stocks of companies operating across diversified sectors.