Palumbo Wealth Management LLC Purchases New Stake in PIMCO New York Municipal Income Fund II (NYSE:PNI)

Palumbo Wealth Management LLC 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 61,780 shares of the company’s stock, valued at approximately $487,000.

Other large investors have also recently bought and sold shares of the company. Wolverine Asset Management LLC boosted its position in shares of 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 in the last quarter. Logan Stone Capital LLC boosted its holdings 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 purchasing an additional 8,651 shares in the last quarter. Matisse Capital boosted its holdings in shares of PIMCO New York Municipal Income Fund II by 29.2% in the 2nd quarter. Matisse Capital now owns 128,524 shares of the company’s stock valued at $952,000 after purchasing an additional 29,017 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of PIMCO New York Municipal Income Fund II by 1.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 201,853 shares of the company’s stock valued at $1,496,000 after purchasing an additional 3,431 shares in the last quarter.

PIMCO New York Municipal Income Fund II Price Performance

Shares of PNI stock traded up $0.02 on Thursday, hitting $7.43. 910 shares of the company’s stock were exchanged, compared to its average volume of 30,202. PIMCO New York Municipal Income Fund II has a 12 month low of $6.08 and a 12 month high of $7.96. The company has a 50 day moving average of $7.68 and a 200 day moving average of $7.48.

PIMCO New York Municipal Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 11th will be issued a $0.0295 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.76%.

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.