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

Shares of PIMCO Municipal Income Fund II (NYSE:PML) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $7.62 and traded as high as $7.85. PIMCO Municipal Income Fund II shares last traded at $7.8420, with a volume of 302,047 shares.

PIMCO Municipal Income Fund II Price Performance

The company’s 50-day moving average is $7.62 and its two-hundred day moving average is $7.62.

PIMCO Municipal Income Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 12th will be given a dividend of $0.0395 per share. The ex-dividend date is Thursday, February 12th. This represents a c) annualized dividend and a dividend yield of 6.0%.

Institutional Trading of PIMCO Municipal Income Fund II

Hedge funds have recently added to or reduced their stakes in the business. Comerica Bank boosted its position in PIMCO Municipal Income Fund II by 49.7% during the 1st quarter. Comerica Bank now owns 4,353 shares of the investment management company’s stock worth $35,000 after acquiring an additional 1,446 shares during the period. Focus Partners Wealth acquired a new stake in PIMCO Municipal Income Fund II in the first quarter worth about $202,000. Truist Financial Corp lifted its holdings in PIMCO Municipal Income Fund II by 66.2% in the second quarter. Truist Financial Corp now owns 36,927 shares of the investment management company’s stock worth $275,000 after purchasing an additional 14,713 shares during the period. Allspring Global Investments Holdings LLC bought a new position in PIMCO Municipal Income Fund II in the 2nd quarter valued at about $669,000. Finally, Koshinski Asset Management Inc. increased its stake in PIMCO Municipal Income Fund II by 39.3% during the 2nd quarter. Koshinski Asset Management Inc. now owns 141,875 shares of the investment management company’s stock valued at $1,057,000 after buying an additional 40,000 shares during the period.

PIMCO Municipal Income Fund II Company Profile

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.