Smith Moore & CO. Makes New $1.45 Million Investment in PIMCO Municipal Income Fund II $PML

Smith Moore & CO. acquired a new stake in shares of PIMCO Municipal Income Fund II (NYSE:PML) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 182,942 shares of the investment management company’s stock, valued at approximately $1,447,000.

Other large investors have also made changes to their positions in the company. Comerica Bank raised its holdings in shares of PIMCO Municipal Income Fund II by 49.7% during the first quarter. Comerica Bank now owns 4,353 shares of the investment management company’s stock worth $35,000 after purchasing an additional 1,446 shares during the last quarter. US Bancorp DE acquired a new position in PIMCO Municipal Income Fund II during the third quarter valued at $45,000. Bessemer Group Inc. purchased a new stake in PIMCO Municipal Income Fund II in the third quarter valued at $59,000. ACT Advisors LLC. purchased a new stake in PIMCO Municipal Income Fund II in the third quarter valued at $83,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in PIMCO Municipal Income Fund II during the 3rd quarter worth about $91,000.

PIMCO Municipal Income Fund II Trading Down 0.1%

NYSE PML opened at $7.72 on Friday. The stock has a 50-day simple moving average of $7.70 and a two-hundred day simple moving average of $7.69. PIMCO Municipal Income Fund II has a fifty-two week low of $7.10 and a fifty-two week high of $8.54.

PIMCO Municipal Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 12th were issued a dividend of $0.0395 per share. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Thursday, February 12th.

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.