Rivernorth Capital Management LLC raised its stake in PIMCO Municipal Income Fund II (NYSE:PML – Free Report) by 5.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,482,914 shares of the investment management company’s stock after purchasing an additional 231,386 shares during the period. PIMCO Municipal Income Fund II makes up approximately 1.6% of Rivernorth Capital Management LLC’s holdings, making the stock its 10th biggest position. Rivernorth Capital Management LLC’s holdings in PIMCO Municipal Income Fund II were worth $34,115,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Wagner Wealth Management LLC increased its stake in PIMCO Municipal Income Fund II by 11.2% during the first quarter. Wagner Wealth Management LLC now owns 1,082,412 shares of the investment management company’s stock valued at $8,194,000 after acquiring an additional 108,907 shares during the period. Gridiron Partners LLC lifted its position in shares of PIMCO Municipal Income Fund II by 30.4% in the 2nd quarter. Gridiron Partners LLC now owns 830,828 shares of the investment management company’s stock worth $6,323,000 after acquiring an additional 193,558 shares during the period. Virtu Financial LLC acquired a new stake in shares of PIMCO Municipal Income Fund II during the 4th quarter worth approximately $1,112,000. Worthington Financial Partners LLC bought a new stake in shares of PIMCO Municipal Income Fund II during the fourth quarter valued at approximately $1,511,000. Finally, Bank of America Corp DE increased its position in shares of PIMCO Municipal Income Fund II by 155.6% during 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.
Insider Buying and Selling
In other PIMCO Municipal Income Fund II news, Director Sonya Morris bought 5,000 shares of PIMCO Municipal Income Fund II stock in a transaction dated Tuesday, July 21st. The shares were bought at an average price of $7.50 per share, with a total value of $37,500.00. Following the purchase, the director owned 10,000 shares of the company’s stock, valued at $75,000. This trade represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
PIMCO Municipal Income Fund II Stock Down 0.1%
PIMCO Municipal Income Fund II Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.0395 per share. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Thursday, August 13th.
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.
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