Key Points
- Insider purchase: Director Alan Rappaport bought 2,819 shares on Dec. 8 at an average price of $7.66 for $21,593.54, increasing his direct ownership to 8,001 shares (a 54.4% rise), as disclosed in an SEC filing.
- Monthly dividend: The fund declared a $0.0395 monthly dividend (ex-dividend Dec. 11, payable Jan. 2), implying roughly a 6.2% annualized yield.
- Shares traded at $7.61 (down $0.04) on the latest session with volume below average and a 12-month range of $7.10–$8.70, while several institutions materially boosted positions (e.g., LPL +159.6%, Raymond James +108%).
PIMCO Municipal Income Fund II (NYSE:PML - Get Free Report) Director Alan Rappaport purchased 2,819 shares of the company's stock in a transaction on Monday, December 8th. The stock was bought at an average price of $7.66 per share, for a total transaction of $21,593.54. Following the completion of the purchase, the director directly owned 8,001 shares of the company's stock, valued at $61,287.66. The trade was a 54.40% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
PIMCO Municipal Income Fund II Stock Down 0.5%
Shares of NYSE:PML traded down $0.04 during trading on Thursday, hitting $7.61. 145,822 shares of the company were exchanged, compared to its average volume of 319,967. The firm's 50 day moving average price is $7.83 and its 200-day moving average price is $7.54. PIMCO Municipal Income Fund II has a 12-month low of $7.10 and a 12-month high of $8.70.
PIMCO Municipal Income Fund II Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th will be paid a $0.0395 dividend. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date is Thursday, December 11th.
Institutional Trading of PIMCO Municipal Income Fund II
A number of hedge funds and other institutional investors have recently made changes to their positions in PML. LPL Financial LLC boosted its position in shares of PIMCO Municipal Income Fund II by 159.6% in the 1st quarter. LPL Financial LLC now owns 197,238 shares of the investment management company's stock valued at $1,598,000 after purchasing an additional 121,269 shares during the period. Atria Wealth Solutions Inc. lifted its stake in PIMCO Municipal Income Fund II by 11.2% in the first quarter. Atria Wealth Solutions Inc. now owns 81,160 shares of the investment management company's stock valued at $658,000 after buying an additional 8,169 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of PIMCO Municipal Income Fund II by 108.0% in the first quarter. Raymond James Financial Inc. now owns 378,993 shares of the investment management company's stock valued at $3,070,000 after acquiring an additional 196,763 shares during the period. Elequin Capital LP boosted its holdings in shares of PIMCO Municipal Income Fund II by 979.5% in the first quarter. Elequin Capital LP now owns 16,030 shares of the investment management company's stock valued at $130,000 after acquiring an additional 14,545 shares during the period. Finally, Comerica Bank grew its position 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 acquiring an additional 1,446 shares during the last quarter.
PIMCO Municipal Income Fund II Company Profile
(
Get Free Report)
PIMCO Municipal Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets. The fund invests in stocks of companies operating across diversified sectors.
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