PIMCO New York Municipal Income Fund II (NYSE:PNI) to Issue Monthly Dividend of $0.03

PIMCO New York Municipal Income Fund II (NYSE:PNI) announced a monthly dividend on Monday, November 3rd. Shareholders of record on Friday, November 14th will be given a dividend of 0.0295 per share on Monday, December 1st. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Friday, November 14th.

PIMCO New York Municipal Income Fund II Trading Down 0.6%

Shares of NYSE:PNI opened at $6.98 on Tuesday. The business’s 50 day simple moving average is $6.90 and its two-hundred day simple moving average is $6.74. PIMCO New York Municipal Income Fund II has a 52-week low of $6.43 and a 52-week high of $7.65.

Hedge Funds Weigh In On PIMCO New York Municipal Income Fund II

Several large investors have recently bought and sold shares of PNI. Blue Bell Private Wealth Management LLC boosted its stake in shares of PIMCO New York Municipal Income Fund II by 29.0% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 7,110 shares of the company’s stock worth $50,000 after buying an additional 1,600 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of PIMCO New York Municipal Income Fund II in the third quarter valued at $68,000. Landscape Capital Management L.L.C. purchased a new stake in shares of PIMCO New York Municipal Income Fund II in the first quarter worth about $79,000. Envestnet Asset Management Inc. bought a new position in PIMCO New York Municipal Income Fund II in the 2nd quarter valued at $79,000. Finally, Catalina Capital Group LLC bought a new position in PIMCO New York Municipal Income Fund II in the 2nd quarter worth about $100,000.

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.