Raymond James Financial Inc. Purchases New Position in PIMCO New York Municipal Income Fund II (NYSE:PNI)

Raymond James Financial Inc. acquired a new position in shares of PIMCO New York Municipal Income Fund II (NYSE:PNI) during the 4th quarter, Holdings Channel reports. The fund acquired 67,938 shares of the company’s stock, valued at approximately $486,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Beckerman Institutional LLC boosted its holdings in shares of PIMCO New York Municipal Income Fund II by 49.2% in the 4th quarter. Beckerman Institutional LLC now owns 22,715 shares of the company’s stock worth $163,000 after purchasing an additional 7,488 shares during the period. Morse Asset Management Inc purchased a new stake in PIMCO New York Municipal Income Fund II during the 3rd quarter valued at $182,000. Noble Wealth Management PBC bought a new stake in PIMCO New York Municipal Income Fund II in the fourth quarter worth $446,000. Wolverine Asset Management LLC lifted its position in PIMCO New York Municipal Income Fund II by 33.2% in the fourth quarter. Wolverine Asset Management LLC now owns 86,998 shares of the company’s stock worth $623,000 after buying an additional 21,691 shares during the last quarter. Finally, Riverbridge Partners LLC purchased a new position in PIMCO New York Municipal Income Fund II during the fourth quarter worth $708,000.

PIMCO New York Municipal Income Fund II Price Performance

Shares of PNI opened at $7.14 on Tuesday. The company’s fifty day simple moving average is $7.25 and its 200-day simple moving average is $7.37. PIMCO New York Municipal Income Fund II has a twelve month low of $6.96 and a twelve month high of $7.96.

PIMCO New York Municipal Income Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Friday, April 11th will be given a $0.0295 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date is Friday, April 11th.

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.