PIMCO New York Municipal Income Fund II (NYSE:PNI) Trading Down 0.1%

PIMCO New York Municipal Income Fund II (NYSE:PNI)’s share price was down 0.1% on Thursday . The stock traded as low as $7.41 and last traded at $7.42. Approximately 12,298 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 23,307 shares. The stock had previously closed at $7.43.

PIMCO New York Municipal Income Fund II Trading Down 0.1 %

The company has a 50 day simple moving average of $7.50 and a 200 day simple moving average of $7.11.

PIMCO New York Municipal Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 11th will be issued a dividend of $0.0295 per share. This represents a $0.35 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend is Friday, March 8th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Landscape Capital Management L.L.C. acquired a new position in PIMCO New York Municipal Income Fund II in the third quarter valued at approximately $71,000. Ackerman Capital Advisors LLC lifted its stake in PIMCO New York Municipal Income Fund II by 28.7% during the third quarter. Ackerman Capital Advisors LLC now owns 16,788 shares of the company’s stock worth $108,000 after purchasing an additional 3,748 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in PIMCO New York Municipal Income Fund II by 25.2% during the third quarter. Bank of New York Mellon Corp now owns 14,654 shares of the company’s stock worth $94,000 after purchasing an additional 2,954 shares in the last quarter. Bank of America Corp DE lifted its stake in PIMCO New York Municipal Income Fund II by 168.7% during the first quarter. Bank of America Corp DE now owns 60,516 shares of the company’s stock worth $468,000 after purchasing an additional 37,992 shares in the last quarter. Finally, Logan Stone Capital LLC acquired a new position in PIMCO New York Municipal Income Fund II during the fourth quarter worth $300,000.

PIMCO New York Municipal Income Fund II Company Profile

PIMCO New York Municipal Income Fund II is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in municipal bonds that pay interest that is exempt from federal, New York State, and New York City income tax.