Beckerman Institutional LLC Buys 7,488 Shares of PIMCO New York Municipal Income Fund II (NYSE:PNI)

Beckerman Institutional LLC lifted its stake in PIMCO New York Municipal Income Fund II (NYSE:PNI) by 49.2% during the fourth quarter, HoldingsChannel reports. The firm owned 22,715 shares of the company’s stock after purchasing an additional 7,488 shares during the period. Beckerman Institutional LLC’s holdings in PIMCO New York Municipal Income Fund II were worth $163,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Morse Asset Management Inc bought a new position in shares of PIMCO New York Municipal Income Fund II in the third quarter worth about $182,000. Palumbo Wealth Management LLC purchased a new stake in PIMCO New York Municipal Income Fund II in the third quarter worth about $487,000. Wolverine Asset Management LLC lifted its stake in PIMCO New York Municipal Income Fund II by 122.8% in the third quarter. Wolverine Asset Management LLC now owns 65,307 shares of the company’s stock worth $515,000 after acquiring an additional 35,993 shares during the period. Riverbridge Partners LLC purchased a new stake in PIMCO New York Municipal Income Fund II in the fourth quarter worth about $708,000. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in PIMCO New York Municipal Income Fund II by 4.9% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 211,829 shares of the company’s stock worth $1,671,000 after acquiring an additional 9,976 shares during the period.

PIMCO New York Municipal Income Fund II Stock Down 0.5 %

NYSE:PNI opened at $7.25 on Thursday. PIMCO New York Municipal Income Fund II has a 1-year low of $6.96 and a 1-year high of $7.96. The company has a 50-day moving average of $7.25 and a 200 day moving average of $7.46.

PIMCO New York Municipal Income Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be given a dividend of $0.0295 per share. This represents a $0.35 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend is Thursday, February 13th.

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.