Hennion & Walsh Asset Management Inc. Increases Stock Position in PIMCO New York Municipal Income Fund II (NYSE:PNI)

Hennion & Walsh Asset Management Inc. grew its holdings in shares of PIMCO New York Municipal Income Fund II (NYSE:PNI) by 10.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 198,422 shares of the company’s stock after buying an additional 18,968 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in PIMCO New York Municipal Income Fund II were worth $1,472,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PNI. Herold Advisors Inc. lifted its holdings in shares of PIMCO New York Municipal Income Fund II by 37.8% during the fourth quarter. Herold Advisors Inc. now owns 14,902 shares of the company’s stock valued at $113,000 after purchasing an additional 4,084 shares during the last quarter. Matisse Capital purchased a new stake in shares of PIMCO New York Municipal Income Fund II in the 4th quarter worth approximately $755,000. Finally, Robinson Capital Management LLC bought a new position in PIMCO New York Municipal Income Fund II during the 4th quarter valued at approximately $1,242,000.

PIMCO New York Municipal Income Fund II Price Performance

PIMCO New York Municipal Income Fund II stock opened at $7.41 on Friday. PIMCO New York Municipal Income Fund II has a 12 month low of $6.03 and a 12 month high of $7.74. The business’s fifty day simple moving average is $7.31 and its two-hundred day simple moving average is $7.40.

PIMCO New York Municipal Income Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, June 13th will be given a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a yield of 4.86%. The ex-dividend date is Thursday, June 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.