PIMCO Municipal Income Fund II $PML is Gridiron Partners LLC’s 5th Largest Position

Gridiron Partners LLC raised its stake in shares of PIMCO Municipal Income Fund II (NYSE:PML) by 797.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 695,624 shares of the investment management company’s stock after buying an additional 618,125 shares during the period. PIMCO Municipal Income Fund II comprises about 3.0% of Gridiron Partners LLC’s investment portfolio, making the stock its 5th biggest holding. Gridiron Partners LLC’s holdings in PIMCO Municipal Income Fund II were worth $5,245,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of PML. Comerica Bank raised its holdings 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 in the last quarter. Global Wealth Strategies & Associates grew its stake in PIMCO Municipal Income Fund II by 106.1% in the fourth quarter. Global Wealth Strategies & Associates now owns 5,465 shares of the investment management company’s stock valued at $41,000 after purchasing an additional 2,813 shares in the last quarter. US Bancorp DE acquired a new position in PIMCO Municipal Income Fund II in the 3rd quarter worth about $45,000. Northwestern Mutual Wealth Management Co. acquired a new position in PIMCO Municipal Income Fund II in the 3rd quarter worth about $58,000. Finally, Bessemer Group Inc. purchased a new stake in shares of PIMCO Municipal Income Fund II during the 3rd quarter worth about $59,000.

PIMCO Municipal Income Fund II Trading Down 1.5%

Shares of PIMCO Municipal Income Fund II stock opened at $7.48 on Friday. PIMCO Municipal Income Fund II has a 52-week low of $7.10 and a 52-week high of $8.21. The stock has a 50-day simple moving average of $7.71 and a 200-day simple moving average of $7.72.

PIMCO Municipal Income Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Thursday, March 12th will be given a dividend of $0.0395 per share. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Thursday, March 12th.

About PIMCO Municipal Income Fund II

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.