PIMCO Municipal Income Fund II $PML Shares Purchased by Williams & Novak Wealth Management LLC

Williams & Novak Wealth Management LLC raised its holdings in PIMCO Municipal Income Fund II (NYSE:PML) by 48.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 503,025 shares of the investment management company’s stock after buying an additional 164,500 shares during the quarter. PIMCO Municipal Income Fund II makes up approximately 2.0% of Williams & Novak Wealth Management LLC’s holdings, making the stock its 12th largest holding. Williams & Novak Wealth Management LLC’s holdings in PIMCO Municipal Income Fund II were worth $3,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. CWC Advisors LLC. purchased a new stake in PIMCO Municipal Income Fund II in the first quarter valued at approximately $81,000. Palogic Value Management L.P. acquired a new position in shares of PIMCO Municipal Income Fund II in the 2nd quarter valued at $87,000. Greenspring Advisors LLC purchased a new stake in shares of PIMCO Municipal Income Fund II during the 2nd quarter valued at $103,000. Wealth Effects LLC acquired a new stake in shares of PIMCO Municipal Income Fund II during the 1st quarter worth $114,000. Finally, Folger Nolan Fleming Douglas Capital Management Inc. purchased a new position in shares of PIMCO Municipal Income Fund II in the 1st quarter worth $117,000.

Insider Activity at PIMCO Municipal Income Fund II

In related news, Director Sonya Morris purchased 5,000 shares of PIMCO Municipal Income Fund II stock in a transaction that occurred on Tuesday, July 21st. The shares were purchased at an average cost of $7.50 per share, with a total value of $37,500.00. Following the transaction, the director owned 10,000 shares of the company’s stock, valued at approximately $75,000. The trade was a 100.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

PIMCO Municipal Income Fund II Price Performance

PML stock opened at $6.61 on Friday. The stock has a 50-day moving average price of $7.05 and a two-hundred day moving average price of $7.34. PIMCO Municipal Income Fund II has a 12-month low of $6.39 and a 12-month high of $8.01.

PIMCO Municipal Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Tuesday, October 13th will be issued a dividend of $0.0395 per share. This represents a $0.47 annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Tuesday, October 13th.

PIMCO Municipal Income Fund II Profile

PIMCO Municipal Income Fund II (NYSE: PML) is a closed-end management investment company that seeks to provide current income that is exempt from federal income tax. The fund is managed by Pacific Investment Management Company LLC (PIMCO), an investment management firm specializing in fixed-income and other asset classes.

PML primarily invests in municipal bonds and other municipal securities issued by states, territories, and local governments in the United States, as well as related public authorities and governmental entities.