PIMCO New York Municipal Income Fund II (NYSE:PNI) Shares Up 0.2%

PIMCO New York Municipal Income Fund II (NYSE:PNI) shot up 0.2% on Wednesday . The company traded as high as $7.22 and last traded at $7.17. 19,999 shares changed hands during trading, a decline of 16% from the average session volume of 23,834 shares. The stock had previously closed at $7.15.

PIMCO New York Municipal Income Fund II Trading Down 0.1 %

The business’s 50-day moving average price is $7.38 and its two-hundred day moving average price is $7.19.

PIMCO New York Municipal Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, April 11th will be given a $0.0295 dividend. The ex-dividend date is Wednesday, April 10th. This represents a $0.35 annualized dividend and a yield of 4.99%.

Institutional Investors Weigh In On PIMCO New York Municipal Income Fund II

Several institutional investors have recently added to or reduced their stakes in PNI. Bank of New York Mellon Corp lifted its position in PIMCO New York Municipal Income Fund II by 25.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 14,654 shares of the company’s stock worth $94,000 after buying an additional 2,954 shares in the last quarter. Ackerman Capital Advisors LLC lifted its position in PIMCO New York Municipal Income Fund II by 28.7% during the 3rd quarter. Ackerman Capital Advisors LLC now owns 16,788 shares of the company’s stock worth $108,000 after buying an additional 3,748 shares in the last quarter. Herold Advisors Inc. lifted its position in PIMCO New York Municipal Income Fund II by 37.8% during the 4th quarter. Herold Advisors Inc. now owns 14,902 shares of the company’s stock worth $113,000 after buying an additional 4,084 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in PIMCO New York Municipal Income Fund II during the 3rd quarter worth about $71,000. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of PIMCO New York Municipal Income Fund II by 10.6% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 198,422 shares of the company’s stock worth $1,472,000 after purchasing an additional 18,968 shares during the last quarter.

About PIMCO New York Municipal Income Fund II

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.