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

PIMCO New York Municipal Income Fund II (NYSE:PNI)’s share price was up 0.2% on Wednesday . The company traded as high as $7.22 and last traded at $7.17. Approximately 19,999 shares traded hands during mid-day 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 Down 0.1 %

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

PIMCO New York Municipal Income Fund II Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PNI. Landscape Capital Management L.L.C. bought a new position in shares of PIMCO New York Municipal Income Fund II during the third quarter valued at about $71,000. Bank of New York Mellon Corp lifted its position in shares of PIMCO New York Municipal Income Fund II by 25.2% during the third quarter. Bank of New York Mellon Corp now owns 14,654 shares of the company’s stock valued at $94,000 after purchasing an additional 2,954 shares in the last quarter. Ackerman Capital Advisors LLC lifted 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. Herold Advisors Inc. lifted 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. Finally, Matisse Capital bought a new position in shares of PIMCO New York Municipal Income Fund II during the fourth quarter valued at about $755,000.

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.