PIMCO Municipal Income Fund II $PML Shares Sold by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC lowered its stake in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 15.5% during the first quarter, Holdings Channel reports. The fund owned 4,251,528 shares of the investment management company’s stock after selling 778,383 shares during the quarter. PIMCO Municipal Income Fund II comprises 1.6% of Rivernorth Capital Management LLC’s portfolio, making the stock its 8th biggest holding. Rivernorth Capital Management LLC’s holdings in PIMCO Municipal Income Fund II were worth $32,184,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank boosted its stake 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 worth $35,000 after purchasing an additional 1,446 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of PIMCO Municipal Income Fund II in the first quarter valued at approximately $202,000. Jane Street Group LLC purchased a new position in shares of PIMCO Municipal Income Fund II during the second quarter valued at approximately $101,000. Bank of America Corp DE lifted its stake in shares of PIMCO Municipal Income Fund II by 23.8% during the second quarter. Bank of America Corp DE now owns 107,431 shares of the investment management company’s stock valued at $800,000 after buying an additional 20,678 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new position in shares of PIMCO Municipal Income Fund II during the second quarter valued at approximately $768,000.

PIMCO Municipal Income Fund II Stock Performance

Shares of NYSE PML opened at $7.33 on Wednesday. PIMCO Municipal Income Fund II has a 1 year low of $7.10 and a 1 year high of $8.01. The firm’s 50 day moving average price is $7.50 and its 200 day moving average price is $7.58.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Monday, July 13th will be issued a dividend of $0.0395 per share. The ex-dividend date is Monday, July 13th. This represents a c) annualized dividend and a dividend yield of 6.5%.

Insider Activity at PIMCO Municipal Income Fund II

In other PIMCO Municipal Income Fund II news, Director Sonya Morris acquired 5,000 shares of the stock in a transaction dated Tuesday, July 21st. The stock was acquired at an average price of $7.50 per share, with a total value of $37,500.00. Following the completion of the transaction, the director directly owned 10,000 shares in the company, valued at approximately $75,000. This trade represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

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.