PIMCO Municipal Income Fund II (NYSE:PML) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

PIMCO Municipal Income Fund II (NYSE:PML)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.25 and traded as low as $7.58. PIMCO Municipal Income Fund II shares last traded at $7.59, with a volume of 217,161 shares.

PIMCO Municipal Income Fund II Stock Down 0.5%

The firm has a 50 day moving average of $7.80 and a 200-day moving average of $8.25.

PIMCO Municipal Income Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be paid a $0.0395 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.47 annualized dividend and a yield of 6.25%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PML. Hennion & Walsh Asset Management Inc. grew its stake in PIMCO Municipal Income Fund II by 89.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,231,738 shares of the investment management company’s stock worth $9,965,000 after purchasing an additional 580,662 shares in the last quarter. Guggenheim Capital LLC boosted its position in PIMCO Municipal Income Fund II by 88.0% during the 4th quarter. Guggenheim Capital LLC now owns 711,202 shares of the investment management company’s stock valued at $5,754,000 after acquiring an additional 332,807 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in PIMCO Municipal Income Fund II by 147.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 447,712 shares of the investment management company’s stock valued at $3,626,000 after acquiring an additional 266,621 shares in the last quarter. Raymond James Financial Inc. boosted its position in PIMCO Municipal Income Fund II by 108.0% during the 1st 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 in the last quarter. Finally, Park Avenue Securities LLC bought a new stake in PIMCO Municipal Income Fund II during the 1st quarter valued at $1,534,000.

PIMCO Municipal Income Fund II Company Profile

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.