Riverbridge Partners LLC Acquires Shares of 98,934 PIMCO New York Municipal Income Fund II (NYSE:PNI)

Riverbridge Partners LLC acquired a new stake in PIMCO New York Municipal Income Fund II (NYSE:PNI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 98,934 shares of the company’s stock, valued at approximately $708,000.

Several other institutional investors have also modified their holdings of the company. Beckerman Institutional LLC purchased a new position in PIMCO New York Municipal Income Fund II in the third quarter valued at approximately $120,000. Morse Asset Management Inc purchased a new position in shares of PIMCO New York Municipal Income Fund II in the 3rd quarter valued at $182,000. Palumbo Wealth Management LLC acquired a new stake in PIMCO New York Municipal Income Fund II during the 3rd quarter worth $487,000. Wolverine Asset Management LLC raised its stake in PIMCO New York Municipal Income Fund II by 122.8% during the 3rd quarter. Wolverine Asset Management LLC now owns 65,307 shares of the company’s stock worth $515,000 after acquiring an additional 35,993 shares in the last quarter. Finally, Logan Stone Capital LLC lifted its position in PIMCO New York Municipal Income Fund II by 11.7% in the second quarter. Logan Stone Capital LLC now owns 82,576 shares of the company’s stock valued at $612,000 after acquiring an additional 8,651 shares during 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 stock’s 50-day moving average is $7.31 and its two-hundred day moving average 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 company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be paid a dividend of $0.0295 per share. The ex-dividend date is Monday, January 13th. This represents a $0.35 dividend on an annualized basis and a yield of 4.94%.

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.