PIMCO New York Municipal Income Fund II (NYSE:PNI) Trading Down 1.5% – What’s Next?

PIMCO New York Municipal Income Fund II (NYSE:PNI)’s stock price fell 1.5% during trading on Wednesday . The company traded as low as $7.44 and last traded at $7.46. 61,119 shares traded hands during mid-day trading, an increase of 106% from the average session volume of 29,677 shares. The stock had previously closed at $7.57.

PIMCO New York Municipal Income Fund II Stock Down 1.5 %

The business’s 50 day simple moving average is $7.69 and its 200 day simple moving average is $7.48.

PIMCO New York Municipal Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 11th will be paid a $0.0295 dividend. This represents a $0.35 annualized dividend and a dividend yield of 4.75%. The ex-dividend date is Friday, October 11th.

Institutional Trading of PIMCO New York Municipal Income Fund II

A number of institutional investors have recently bought and sold shares of the stock. Matisse Capital grew its stake in shares of PIMCO New York Municipal Income Fund II by 29.2% during the second quarter. Matisse Capital now owns 128,524 shares of the company’s stock valued at $952,000 after buying an additional 29,017 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in shares of PIMCO New York Municipal Income Fund II by 365.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 29,314 shares of the company’s stock worth $217,000 after acquiring an additional 23,015 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in PIMCO New York Municipal Income Fund II by 10.6% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 198,422 shares of the company’s stock valued at $1,472,000 after acquiring an additional 18,968 shares during the period. Finally, Logan Stone Capital LLC grew its position in PIMCO New York Municipal Income Fund II by 11.7% in the 2nd quarter. Logan Stone Capital LLC now owns 82,576 shares of the company’s stock valued at $612,000 after acquiring an additional 8,651 shares during 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.