Williams & Novak LLC Sells 71,852 Shares of PIMCO Municipal Income Fund II $PML

Williams & Novak LLC lessened its holdings in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 17.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 339,643 shares of the investment management company’s stock after selling 71,852 shares during the quarter. PIMCO Municipal Income Fund II makes up about 1.9% of Williams & Novak LLC’s portfolio, making the stock its 10th biggest holding. Williams & Novak LLC’s holdings in PIMCO Municipal Income Fund II were worth $2,561,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PML. Asset Dedication LLC acquired a new stake in PIMCO Municipal Income Fund II during the 4th quarter worth $26,000. Comerica Bank boosted its position in shares of 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 valued at $35,000 after acquiring an additional 1,446 shares during the last quarter. Global Wealth Strategies & Associates boosted its position in shares of PIMCO Municipal Income Fund II by 106.1% during the 4th quarter. Global Wealth Strategies & Associates now owns 5,465 shares of the investment management company’s stock valued at $41,000 after acquiring an additional 2,813 shares during the last quarter. US Bancorp DE acquired a new position in shares of PIMCO Municipal Income Fund II during the 3rd quarter valued at about $45,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of PIMCO Municipal Income Fund II during the 3rd quarter valued at about $58,000.

PIMCO Municipal Income Fund II Price Performance

Shares of PML stock opened at $7.54 on Friday. The company’s 50-day moving average price is $7.56 and its 200-day moving average price is $7.66. PIMCO Municipal Income Fund II has a twelve month low of $7.10 and a twelve month high of $8.01.

PIMCO Municipal Income Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be given a dividend of $0.0395 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) annualized dividend and a dividend yield of 6.3%.

Insider Buying and Selling at PIMCO Municipal Income Fund II

In other news, Director Sonya Morris purchased 5,000 shares of the stock in a transaction dated Wednesday, March 25th. The shares were purchased at an average price of $7.48 per share, with a total value of $37,400.00. Following the transaction, the director owned 5,000 shares in the company, valued at $37,400. The trade was a ? increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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.