PIMCO New York Municipal Income Fund II (NYSE:PNI) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. grew its stake in PIMCO New York Municipal Income Fund II (NYSE:PNI) by 1.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 201,853 shares of the company’s stock after acquiring an additional 3,431 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in PIMCO New York Municipal Income Fund II were worth $1,496,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in PNI. Herold Advisors Inc. boosted its holdings in PIMCO New York Municipal Income Fund II by 37.8% during the 4th quarter. Herold Advisors Inc. now owns 14,902 shares of the company’s stock valued at $113,000 after acquiring an additional 4,084 shares during the period. Robinson Capital Management LLC purchased a new position in shares of PIMCO New York Municipal Income Fund II in the fourth quarter valued at approximately $1,242,000. Finally, Matisse Capital acquired a new position in PIMCO New York Municipal Income Fund II during the 4th quarter worth $755,000.

PIMCO New York Municipal Income Fund II Trading Down 0.1 %

NYSE PNI opened at $7.52 on Tuesday. The firm has a 50 day moving average of $7.47 and a two-hundred day moving average of $7.41. PIMCO New York Municipal Income Fund II has a 52 week low of $6.03 and a 52 week high of $7.73.

PIMCO New York Municipal Income Fund II Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th will be issued a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend is Monday, August 12th. This is a positive change from PIMCO New York Municipal Income Fund II’s previous monthly dividend of $0.03.

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.