Beckerman Institutional LLC Acquires Shares of 15,227 PIMCO New York Municipal Income Fund II (NYSE:PNI)

Beckerman Institutional LLC bought a new stake in shares of PIMCO New York Municipal Income Fund II (NYSE:PNI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 15,227 shares of the company’s stock, valued at approximately $120,000.

Other large investors also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. grew its stake in shares of PIMCO New York Municipal Income Fund II by 4.9% during the third 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. Matisse Capital grew its position in shares of PIMCO New York Municipal Income Fund II by 29.2% during the 2nd quarter. Matisse Capital now owns 128,524 shares of the company’s stock worth $952,000 after buying an additional 29,017 shares during the period. Logan Stone Capital LLC increased its stake in shares of PIMCO New York Municipal Income Fund II by 11.7% in the 2nd 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. Palumbo Wealth Management LLC acquired a new stake in shares of PIMCO New York Municipal Income Fund II in the 3rd quarter valued at approximately $487,000. Finally, Wolverine Asset Management LLC boosted its stake in PIMCO New York Municipal Income Fund II by 365.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 29,314 shares of the company’s stock worth $217,000 after acquiring an additional 23,015 shares during the last quarter.

PIMCO New York Municipal Income Fund II Stock Up 0.9 %

Shares of NYSE:PNI opened at $7.45 on Friday. The company has a 50 day moving average price of $7.65 and a two-hundred day moving average price of $7.49. PIMCO New York Municipal Income Fund II has a 52 week low of $6.56 and a 52 week 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, December 2nd. Stockholders of record on Tuesday, November 12th will be issued a $0.0295 dividend. This represents a $0.35 annualized dividend and a dividend yield of 4.75%. The ex-dividend date is Tuesday, November 12th.

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.