PIMCO New York Municipal Income Fund II (NYSE:PNI) Stock Price Down 0.7%

Shares of PIMCO New York Municipal Income Fund II (NYSE:PNI – Get Rating) traded down 0.7% during trading on Wednesday . The company traded as low as $7.41 and last traded at $7.41. 10,665 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 26,146 shares. The stock had previously closed at $7.46.

PIMCO New York Municipal Income Fund II Price Performance

The business’s fifty day simple moving average is $7.65 and its 200 day simple moving average is $7.85.

PIMCO New York Municipal Income Fund II Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Thursday, May 11th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $0.36 dividend on an annualized basis and a yield of 4.81%. This is a positive change from PIMCO New York Municipal Income Fund II’s previous monthly dividend of $0.03.

Hedge Funds Weigh In On PIMCO New York Municipal Income Fund II

A number of institutional investors have recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. bought a new stake in shares of PIMCO New York Municipal Income Fund II in the 1st quarter worth about $81,000. Ackerman Capital Advisors LLC bought a new stake in shares of PIMCO New York Municipal Income Fund II in the 1st quarter worth about $88,000. Susquehanna International Group LLP bought a new stake in shares of PIMCO New York Municipal Income Fund II in the 1st quarter worth about $96,000. Focused Wealth Management Inc bought a new stake in shares of PIMCO New York Municipal Income Fund II in the 4th quarter worth about $132,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of PIMCO New York Municipal Income Fund II in the 1st quarter worth about $160,000.

About PIMCO New York Municipal Income Fund II

(Get Rating)

PIMCO New York Municipal Income Fund II operates as a non-diversified and closed-end management investment company. It intends to provide current income exempt from federal, New York State and New York City income tax. The company was founded on March 29, 2002 and is headquartered in New York, NY.