Blue Bell Private Wealth Management LLC Buys New Shares in PIMCO New York Municipal Income Fund II (NYSE:PNI)

Blue Bell Private Wealth Management LLC bought a new stake in PIMCO New York Municipal Income Fund II (NYSE:PNI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,510 shares of the company’s stock, valued at approximately $39,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PNI. Beckerman Institutional LLC acquired a new stake in shares of PIMCO New York Municipal Income Fund II in the third quarter valued at about $120,000. Morse Asset Management Inc acquired a new stake in shares of PIMCO New York Municipal Income Fund II in the third quarter valued at about $182,000. Noble Wealth Management PBC acquired a new stake in shares of PIMCO New York Municipal Income Fund II in the fourth quarter valued at about $446,000. Raymond James Financial Inc. acquired a new stake in shares of PIMCO New York Municipal Income Fund II in the fourth quarter valued at about $486,000. Finally, Wolverine Asset Management LLC increased its position in shares of 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 valued at $515,000 after acquiring an additional 35,993 shares during the last quarter.

PIMCO New York Municipal Income Fund II Stock Down 0.2 %

NYSE:PNI opened at $7.31 on Friday. The stock’s 50-day simple moving average is $7.25 and its 200 day simple moving average is $7.44. PIMCO New York Municipal Income Fund II has a 52-week low of $6.96 and a 52-week high of $7.96.

PIMCO New York Municipal Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be issued a dividend of $0.0295 per share. This represents a $0.35 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date is Thursday, March 13th.

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.