PIMCO New York Municipal Income Fund II (NYSE:PNI) Stake Lifted by Logan Stone Capital LLC

Logan Stone Capital LLC increased its position in shares of PIMCO New York Municipal Income Fund II (NYSE:PNI) by 11.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,576 shares of the company’s stock after acquiring an additional 8,651 shares during the period. Logan Stone Capital LLC’s holdings in PIMCO New York Municipal Income Fund II were worth $612,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in PNI. Wolverine Asset Management LLC increased its position in shares of PIMCO New York Municipal Income Fund II by 365.4% in the second quarter. Wolverine Asset Management LLC now owns 29,314 shares of the company’s stock worth $217,000 after acquiring an additional 23,015 shares in the last quarter. Matisse Capital increased its position in PIMCO New York Municipal Income Fund II by 29.2% in the 2nd quarter. Matisse Capital now owns 128,524 shares of the company’s stock worth $952,000 after purchasing an additional 29,017 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its stake in shares of PIMCO New York Municipal Income Fund II by 10.6% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 198,422 shares of the company’s stock worth $1,472,000 after purchasing an additional 18,968 shares in the last quarter.

PIMCO New York Municipal Income Fund II Price Performance

Shares of NYSE PNI opened at $7.83 on Friday. The business has a 50 day simple moving average of $7.61 and a 200 day simple moving average of $7.44. PIMCO New York Municipal Income Fund II has a 52 week low of $6.03 and a 52 week high of $7.92.

PIMCO New York Municipal Income Fund II Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a dividend of $0.0295 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.35 annualized dividend and a dividend yield of 4.52%.

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.