Riverbridge Partners LLC Makes New Investment in PIMCO New York Municipal Income Fund II (NYSE:PNI)

Riverbridge Partners LLC bought a new stake in PIMCO New York Municipal Income Fund II (NYSE:PNI) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 98,934 shares of the company’s stock, valued at approximately $708,000.

Several other large investors have also modified their holdings of the stock. Logan Stone Capital LLC raised its holdings in PIMCO New York Municipal Income Fund II by 11.7% during the second quarter. Logan Stone Capital LLC now owns 82,576 shares of the company’s stock worth $612,000 after purchasing an additional 8,651 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in PIMCO New York Municipal Income Fund II by 4.9% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 211,829 shares of the company’s stock worth $1,671,000 after purchasing an additional 9,976 shares during the period. Palumbo Wealth Management LLC purchased a new position in shares of PIMCO New York Municipal Income Fund II during the 3rd quarter worth approximately $487,000. Beckerman Institutional LLC acquired a new stake in shares of PIMCO New York Municipal Income Fund II in the 3rd quarter valued at approximately $120,000. Finally, Wolverine Asset Management LLC boosted its stake in shares of PIMCO New York Municipal Income Fund II by 122.8% in the third quarter. Wolverine Asset Management LLC now owns 65,307 shares of the company’s stock valued at $515,000 after buying an additional 35,993 shares in the last quarter.

PIMCO New York Municipal Income Fund II Stock Down 0.7 %

Shares of PNI stock opened at $7.16 on Friday. The business’s fifty day moving average price is $7.31 and its 200 day moving average price is $7.49. PIMCO New York Municipal Income Fund II has a 1-year low of $6.96 and a 1-year high of $7.96.

PIMCO New York Municipal Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th will be paid a dividend of $0.0295 per share. The ex-dividend date of this dividend is Monday, January 13th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.94%.

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.