PIMCO Municipal Income Fund II (NYSE:PML) to Issue Monthly Dividend of $0.04

PIMCO Municipal Income Fund II (NYSE:PML – Get Free Report) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Tuesday, October 13th will be paid a dividend of $0.0395 per share by the investment management company on Monday, November 2nd. This represents a $0.47 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Tuesday, October 13th.

PIMCO Municipal Income Fund II Stock Performance

PIMCO Municipal Income Fund II stock opened at $6.49 on Friday. PIMCO Municipal Income Fund II has a one year low of $6.40 and a one year high of $8.01. The company has a 50-day simple moving average of $7.14 and a 200-day simple moving average of $7.39.

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Insider Buying and Selling at PIMCO Municipal Income Fund II

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

Institutional Trading of PIMCO Municipal Income Fund II

A number of hedge funds have recently bought and sold shares of PML. Envestnet Asset Management Inc. increased its holdings in shares of PIMCO Municipal Income Fund II by 17.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 924,063 shares of the investment management company’s stock valued at $7,032,000 after purchasing an additional 134,705 shares during the period. Robinson Capital Management LLC grew its stake in shares of PIMCO Municipal Income Fund II by 68.0% in the 2nd quarter. Robinson Capital Management LLC now owns 856,682 shares of the investment management company’s stock valued at $6,519,000 after buying an additional 346,632 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in PIMCO Municipal Income Fund II by 8.3% in the second quarter. Integrated Wealth Concepts LLC now owns 66,863 shares of the investment management company’s stock valued at $509,000 after acquiring an additional 5,150 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of PIMCO Municipal Income Fund II by 39.9% during the 2nd quarter. Baird Financial Group Inc. now owns 60,175 shares of the investment management company’s stock valued at $458,000 after purchasing an additional 17,161 shares in the last quarter. Finally, Hudock Inc. increased its position in PIMCO Municipal Income Fund II by 25.8% during the second quarter. Hudock Inc. now owns 19,274 shares of the investment management company’s stock worth $147,000 after buying an additional 3,950 shares during the last quarter.

PIMCO Municipal Income Fund II Company Profile

(Get Free Report)

PIMCO Municipal Income Fund II (NYSE: PML) is a closed-end management investment company that seeks to provide current income that is exempt from federal income tax. The fund is managed by Pacific Investment Management Company LLC (PIMCO), an investment management firm specializing in fixed-income and other asset classes.

PML primarily invests in municipal bonds and other municipal securities issued by states, territories, and local governments in the United States, as well as related public authorities and governmental entities.

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