Beckerman Institutional LLC Grows Position in PIMCO New York Municipal Income Fund II (NYSE:PNI)

Beckerman Institutional LLC lifted its stake in PIMCO New York Municipal Income Fund II (NYSE:PNI) by 49.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,715 shares of the company’s stock after buying an additional 7,488 shares during the quarter. Beckerman Institutional LLC’s holdings in PIMCO New York Municipal Income Fund II were worth $163,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of PIMCO New York Municipal Income Fund II by 4.9% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 211,829 shares of the company’s stock worth $1,671,000 after buying an additional 9,976 shares in the last quarter. Riverbridge Partners LLC bought a new stake in PIMCO New York Municipal Income Fund II in the fourth quarter worth $708,000. Wolverine Asset Management LLC increased its position in PIMCO New York Municipal Income Fund II by 122.8% in the third quarter. Wolverine Asset Management LLC now owns 65,307 shares of the company’s stock worth $515,000 after purchasing an additional 35,993 shares during the last quarter. Palumbo Wealth Management LLC bought a new stake in PIMCO New York Municipal Income Fund II in the third quarter worth $487,000. Finally, Morse Asset Management Inc bought a new stake in PIMCO New York Municipal Income Fund II in the third quarter worth $182,000.

PIMCO New York Municipal Income Fund II Stock Performance

Shares of PNI opened at $7.25 on Thursday. The company’s fifty day moving average is $7.25 and its 200 day moving average is $7.46. PIMCO New York Municipal Income Fund II has a fifty-two week low of $6.96 and a fifty-two week high of $7.96.

PIMCO New York Municipal Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be given a $0.0295 dividend. This represents a $0.35 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Thursday, February 13th.

PIMCO New York Municipal Income Fund II 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.