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EdgarHawk

PMF PIMCO MUNICIPAL INCOME FUND Insider Trading

5 filings analyzed · Latest 2025-06-13
Insider buys
5
Insider sells
0
Unique insiders
1
Direction
Net buying

Historically, high-priority insider buys have outperformed the S&P 500 by a median ~2% over the 30 days after filing — the edge is concentrated in that first month (n ≈ 5,751, 2021-2026). Past results don't predict the future. How we measure this ↗

June 2025
2025-06-13
high
38,169 shares
$303,633
@ $7.95
Significance 7/10

BofA (10% owner) buys 38.2K shares of PIMCO Municipal Income Fund for $303.6K, then sells 8.1K for $64.2K, netting 30.0K shares in single-day transactions.

Bank of America, a 10% owner of PIMCO Municipal Income Fund, executed 20 separate purchases totaling 38,169 shares for $303,632.85 and 10 separate sales totaling 8,126 shares for $64,192.93 on 2025-06-11, resulting in a net addition of 30,043 shares to a previously zero position. The transactions occurred at prices clustered around $7.96 per share, slightly above the current price of $7.86 and well below the 52-week high of $10.38 (representing a -24.3% decline from peak). Bank of America's cross-ticker trade history shows 18 prior buys and only 2 prior sells, indicating a predominantly acquisitive posture across its portfolio. The scale of this net purchase—establishing a sizable new 30,043-share position in a municipal bond fund—alongside the mix of concurrent buys and sales within the same trading session warrants examination of the underlying motivation and fund structure.

February 2025
2025-02-28
low
8 shares
$73
@ $9.18
Significance 2/10

BofA Corp (10% Owner) bought 8 shares at $9.18 and sold 8 shares at $9.06 on 2025-02-26, exiting position.

Bank of America Corp executed two separate offsetting transactions in PIMCO Municipal Income Fund on 2025-02-26: 1 purchase of 8 shares for $73.48 and 1 sale of 8 shares for $72.44, resulting in zero post-transaction holdings. The two transactions occurred on the same day with minimal price differential ($0.12 per share), and the net impact is a reduction to no position. At the $9.32 current price, PMF trades -10.2% from its 52-week high and +4.1% over the past 30 days. The insider's prior trades at this ticker over the most recent period have not yet reached measurable 90-day outcomes. This appears to be a liquidation activity with no clear signal of conviction given the simultaneous buy-and-sell pattern on identical quantities at nearly identical prices.

2025-02-26
low
1,387 shares
$12,594
@ $9.08
Significance 2/10

BofA 10% owner conducts balanced 1,387-share buy-sell at PMF; zero post-transaction holdings.

Bank of America Corporation as a 10% owner of PIMCO Municipal Income Fund filed 11 separate purchases totaling 1,387 shares for $12,593.96 and 8 separate sales totaling 1,387 shares for $12,621.70, all executed on 2025-02-24 at prices near $9.08–$9.10. The filing shows a balanced transaction in both share volume and dollar amount, with purchases and sales offset to zero post-transaction holdings. This pattern of near-simultaneous, equal-volume buys and sells at tightly clustered prices is consistent with portfolio rebalancing or technical adjustments rather than a discretionary conviction-driven position change. The current price of $9.27 is $0.19–$0.22 above the transaction prices, placing the trades well within the 52-week range ($8.64–$10.38) and near recent performance (30-day +3.8%, 90-day -3.0%), with no material price dislocation signaling urgency or distress.

2025-02-25
low
24,110 shares
$217,472
@ $9.02
Significance 4/10

BofA 10% owner executes 17 purchases and 3 sales totaling 24.1K shares of PMF; net position 0, sold at slight premium to purchases ($220.2K vs $217.5K).

Bank of America, as a 10% owner of PIMCO Municipal Income Fund, filed 17 separate purchase transactions totaling 24.1K shares for $217.5K and 3 separate sales totaling 24.1K shares for $220.2K, all executed on 2025-02-21 at prices between $9.02 and $9.15. The insider ended with 0 shares post-transaction, indicating a flat rebalancing where purchases and sales offset entirely. The sales achieved an average price ($9.14–$9.15 range) marginally above the purchase price ($9.02), realizing $2.7K of value across the matched transactions. This pattern reflects operational portfolio management rather than a directional conviction signal, and the high volume of discrete transactions suggests systematic execution rather than opportunistic trading.

November 2024
2024-11-20
low
1,700 shares
$16,677
@ $9.81
Significance 3/10

Bank of America (10% owner) executed 8 purchases totaling 1,700 shares for $16.7K and 2 sales totaling 1,700 shares for $16.9K on 2024-11-18 in PIMCO Municipal Income Fund at prices $9.80–$9.92

Bank of America, a 10% shareholder of PIMCO Municipal Income Fund, conducted offsetting open-market transactions on 2024-11-18: 8 separate purchases totaling 1,700 shares for $16.7K executed at prices ranging from $9.80 to $9.82 per share, immediately paired with 2 separate sales totaling 1,700 shares for $16.9K at prices of $9.92 per share, resulting in zero net position change. The near-simultaneous buy-and-sell activity at a slight spread (approximately $0.10–$0.12 per share) suggests operational rebalancing or portfolio mechanics rather than a directional conviction signal. Bank of America's cross-ticker track record shows 9 prior buys with a 100.00% 90-day win rate and 11 prior sells with a 100.00% well-timed rate, though this fund-level activity remains modest in scale and resulted in flat position retention post-transaction.

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