Wells Fargo & Company MN Purchases 6,850 Shares of PIMCO New York Municipal Income Fund II (NYSE:PNI)

Wells Fargo & Company MN lifted its holdings in PIMCO New York Municipal Income Fund II (NYSE:PNI) by 39.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,243 shares of the company’s stock after purchasing an additional 6,850 shares during the period. Wells Fargo & Company MN’s holdings in PIMCO New York Municipal Income Fund II were worth $174,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Commonwealth Equity Services LLC boosted its stake in shares of PIMCO New York Municipal Income Fund II by 250.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 64,613 shares of the company’s stock worth $463,000 after acquiring an additional 46,155 shares during the last quarter. Blue Bell Private Wealth Management LLC purchased a new position in shares of PIMCO New York Municipal Income Fund II during the 4th quarter valued at about $39,000. Raymond James Financial Inc. bought a new position in shares of PIMCO New York Municipal Income Fund II during the 4th quarter valued at approximately $486,000. Noble Wealth Management PBC purchased a new stake in PIMCO New York Municipal Income Fund II in the 4th quarter worth approximately $446,000. Finally, Wolverine Asset Management LLC raised its stake in PIMCO New York Municipal Income Fund II by 33.2% during the 4th quarter. Wolverine Asset Management LLC now owns 86,998 shares of the company’s stock worth $623,000 after acquiring an additional 21,691 shares during the period.

PIMCO New York Municipal Income Fund II Price Performance

Shares of NYSE:PNI opened at $6.87 on Friday. PIMCO New York Municipal Income Fund II has a 1-year low of $6.51 and a 1-year high of $7.96. The firm’s 50 day simple moving average is $6.96 and its two-hundred day simple moving average is $7.20.

PIMCO New York Municipal Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be issued a dividend of $0.0295 per share. The ex-dividend date is Monday, May 12th. This represents a $0.35 dividend on an annualized basis and a yield of 5.15%.

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.