23,012 Shares in PIMCO New York Municipal Income Fund II (NYSE:PNI) Acquired by Morse Asset Management Inc

Morse Asset Management Inc acquired a new position 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 acquired 23,012 shares of the company’s stock, valued at approximately $182,000.

Several other large investors have also recently modified their holdings of the company. Beckerman Institutional LLC purchased a new stake in PIMCO New York Municipal Income Fund II during the 3rd quarter worth approximately $120,000. Wolverine Asset Management LLC grew its position 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 purchasing an additional 23,015 shares during the last quarter. Palumbo Wealth Management LLC purchased a new stake in PIMCO New York Municipal Income Fund II during the 3rd quarter worth approximately $487,000. Logan Stone Capital LLC grew its position in PIMCO New York Municipal Income Fund II by 11.7% during the 2nd quarter. Logan Stone Capital LLC now owns 82,576 shares of the company’s stock worth $612,000 after purchasing an additional 8,651 shares during the last quarter. Finally, Matisse Capital grew its position in 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 purchasing an additional 29,017 shares during the last quarter.

PIMCO New York Municipal Income Fund II Price Performance

NYSE:PNI opened at $7.60 on Thursday. PIMCO New York Municipal Income Fund II has a twelve month low of $7.07 and a twelve month high of $7.96. The company’s 50 day moving average is $7.51 and its two-hundred day moving average is $7.53.

PIMCO New York Municipal Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 12th will be given a dividend of $0.0295 per share. This represents a $0.35 annualized dividend and a yield of 4.66%. The ex-dividend date is Thursday, December 12th.

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.