97,691 Shares in PIMCO New York Municipal Income Fund II $PNI Bought by Lido Advisors LLC

Lido Advisors LLC bought a new position in shares of PIMCO New York Municipal Income Fund II (NYSE:PNI) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 97,691 shares of the company’s stock, valued at approximately $672,000.

A number of other hedge funds also recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new position in shares of PIMCO New York Municipal Income Fund II during the first quarter worth approximately $52,000. Envestnet Asset Management Inc. acquired a new position in shares of PIMCO New York Municipal Income Fund II in the second quarter valued at approximately $79,000. Baird Financial Group Inc. acquired a new stake in shares of PIMCO New York Municipal Income Fund II in the 2nd quarter valued at about $117,000. Maltin Wealth Management Inc. bought a new stake in shares of PIMCO New York Municipal Income Fund II in the first quarter worth $150,000. Finally, Catalina Capital Group LLC acquired a new position in shares of PIMCO New York Municipal Income Fund II during the 1st quarter worth about $180,000.

PIMCO New York Municipal Income Fund II Stock Down 0.1%

Shares of PNI stock opened at $6.84 on Thursday. The firm’s 50-day moving average is $7.00 and its 200-day moving average is $6.99. PIMCO New York Municipal Income Fund II has a 52-week low of $6.43 and a 52-week high of $7.20.

PIMCO New York Municipal Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Monday, July 13th will be paid a $0.0295 dividend. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Monday, July 13th.

PIMCO New York Municipal Income Fund II Profile

PIMCO New York Municipal Income Fund II (NYSE: PNI) is a closed-end management investment company that seeks to provide a high level of current income exempt from both federal and New York State income taxes. The fund is managed by Pacific Investment Management Company LLC (PIMCO), a global fixed income investment firm. PNI invests primarily in investment-grade municipal obligations issued by or on behalf of the state of New York, its municipalities and related public authorities.

The fund’s portfolio is constructed with a focus on New York state general obligation and revenue bonds, including transportation, education, healthcare and utility-backed securities.