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 mid-day trading on Wednesday . The stock traded as high as $7.22 and last traded at $7.17. Approximately 19,999 shares traded hands 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 Stock Performance

The company has a 50 day moving average price of $7.40 and a 200-day moving average price of $7.18.

PIMCO New York Municipal Income Fund II Dividend Announcement

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

Hedge Funds Weigh In On PIMCO New York Municipal Income Fund II

Hedge funds have recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. boosted its position in shares of PIMCO New York Municipal Income Fund II by 10.6% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 198,422 shares of the company’s stock valued at $1,472,000 after purchasing an additional 18,968 shares in the last quarter. Robinson Capital Management LLC bought a new stake in shares of PIMCO New York Municipal Income Fund II during the fourth quarter valued at approximately $1,242,000. Matisse Capital bought a new stake in shares of PIMCO New York Municipal Income Fund II during the fourth quarter valued at approximately $755,000. Ackerman Capital Advisors LLC boosted its position in shares of 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 valued at $108,000 after purchasing an additional 3,748 shares in the last quarter. Finally, Herold Advisors Inc. boosted its position in shares of PIMCO New York Municipal Income Fund II by 37.8% during the fourth quarter. Herold Advisors Inc. now owns 14,902 shares of the company’s stock valued at $113,000 after purchasing an additional 4,084 shares in the last quarter.

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.