PIMCO New York Municipal Income Fund II (NYSE:PNI) Shares Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC increased its holdings in PIMCO New York Municipal Income Fund II (NYSE:PNI) by 33.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,998 shares of the company’s stock after purchasing an additional 21,691 shares during the period. Wolverine Asset Management LLC’s holdings in PIMCO New York Municipal Income Fund II were worth $623,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Beckerman Institutional LLC purchased a new stake in PIMCO New York Municipal Income Fund II in the 3rd quarter valued at about $120,000. Morse Asset Management Inc purchased a new stake in PIMCO New York Municipal Income Fund II in the third quarter valued at approximately $182,000. Palumbo Wealth Management LLC acquired a new position in PIMCO New York Municipal Income Fund II during the third quarter worth approximately $487,000. Finally, Riverbridge Partners LLC purchased a new position in PIMCO New York Municipal Income Fund II during the fourth quarter worth approximately $708,000.

PIMCO New York Municipal Income Fund II Price Performance

Shares of NYSE PNI opened at $7.37 on Monday. The firm has a fifty day moving average of $7.21 and a 200-day moving average of $7.45. PIMCO New York Municipal Income Fund II has a 52-week low of $6.96 and a 52-week high of $7.96.

PIMCO New York Municipal Income Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.0295 per share. The ex-dividend date is Thursday, February 13th. This represents a $0.35 annualized dividend and a yield of 4.80%.

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.