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

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

PIMCO New York Municipal Income Fund II Trading Up 0.2 %

The firm has a fifty day simple moving average of $7.40 and a 200 day simple moving average of $7.18.

PIMCO New York Municipal Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 11th will be given a dividend of $0.0295 per share. The ex-dividend date is Wednesday, April 10th. This represents a $0.35 annualized dividend and a yield of 4.94%.

Institutional Trading of PIMCO New York Municipal Income Fund II

Several hedge funds and other institutional investors have recently bought and sold shares of PNI. Robinson Capital Management LLC bought a new stake in PIMCO New York Municipal Income Fund II during the 4th quarter valued at $1,242,000. Matisse Capital bought a new stake in PIMCO New York Municipal Income Fund II during the 4th quarter valued at $755,000. Hennion & Walsh Asset Management Inc. boosted its position in 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 valued at $1,472,000 after acquiring an additional 18,968 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of PIMCO New York Municipal Income Fund II in the 3rd quarter worth $71,000. Finally, Herold Advisors Inc. boosted its position in shares of PIMCO New York Municipal Income Fund II by 37.8% in the 4th quarter. Herold Advisors Inc. now owns 14,902 shares of the company’s stock worth $113,000 after purchasing an additional 4,084 shares in 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.