Matisse Capital increased its stake in shares of PIMCO New York Municipal Income Fund II (NYSE:PNI – Free Report) by 29.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 128,524 shares of the company’s stock after purchasing an additional 29,017 shares during the period. Matisse Capital’s holdings in PIMCO New York Municipal Income Fund II were worth $952,000 as of its most recent SEC filing.
Separately, Robinson Capital Management LLC purchased a new stake in shares of PIMCO New York Municipal Income Fund II in the fourth quarter worth about $1,242,000.
PIMCO New York Municipal Income Fund II Price Performance
NYSE:PNI traded up $0.03 during mid-day trading on Friday, hitting $7.57. 13,900 shares of the stock traded hands, compared to its average volume of 26,417. The business’s 50-day moving average price is $7.50 and its 200 day moving average price is $7.41. PIMCO New York Municipal Income Fund II has a 12-month low of $6.03 and a 12-month high of $7.73.
PIMCO New York Municipal Income Fund II Increases Dividend
About PIMCO New York Municipal Income Fund II
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.
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