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

Wolverine Asset Management LLC raised its position in PIMCO New York Municipal Income Fund II (NYSE:PNI) by 122.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 65,307 shares of the company’s stock after acquiring an additional 35,993 shares during the period. Wolverine Asset Management LLC’s holdings in PIMCO New York Municipal Income Fund II were worth $515,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Beckerman Institutional LLC acquired a new position in PIMCO New York Municipal Income Fund II during the third quarter worth $120,000. Palumbo Wealth Management LLC acquired a new position in shares of PIMCO New York Municipal Income Fund II during the 3rd quarter worth $487,000. Logan Stone Capital LLC increased its holdings in shares of 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 purchasing an additional 8,651 shares in the last quarter. Matisse Capital boosted its position in 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 worth $952,000 after purchasing an additional 29,017 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in PIMCO New York Municipal Income Fund II by 1.7% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 201,853 shares of the company’s stock valued at $1,496,000 after purchasing an additional 3,431 shares during the last quarter.

PIMCO New York Municipal Income Fund II Price Performance

NYSE:PNI opened at $7.40 on Thursday. PIMCO New York Municipal Income Fund II has a 52-week low of $6.68 and a 52-week high of $7.96. The stock has a fifty day simple moving average of $7.65 and a 200-day simple moving average of $7.50.

PIMCO New York Municipal Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be paid a $0.0295 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend is Tuesday, November 12th.

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.