PIMCO New York Municipal Income Fund II (NYSE:PNI) Shares Sold by Noble Wealth Management PBC

Noble Wealth Management PBC reduced its stake in shares of PIMCO New York Municipal Income Fund II (NYSE:PNI) by 9.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 56,200 shares of the company’s stock after selling 6,125 shares during the quarter. Noble Wealth Management PBC’s holdings in PIMCO New York Municipal Income Fund II were worth $398,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Blue Bell Private Wealth Management LLC purchased a new stake in shares of PIMCO New York Municipal Income Fund II in the fourth quarter valued at about $39,000. Wells Fargo & Company MN lifted its holdings in shares of PIMCO New York Municipal Income Fund II by 39.4% in the fourth quarter. Wells Fargo & Company MN now owns 24,243 shares of the company’s stock valued at $174,000 after purchasing an additional 6,850 shares in the last quarter. Beckerman Institutional LLC lifted its holdings in shares of PIMCO New York Municipal Income Fund II by 49.2% in the fourth quarter. Beckerman Institutional LLC now owns 22,715 shares of the company’s stock valued at $163,000 after purchasing an additional 7,488 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in shares of PIMCO New York Municipal Income Fund II by 6.2% in the fourth quarter. Guggenheim Capital LLC now owns 206,950 shares of the company’s stock valued at $1,482,000 after purchasing an additional 12,042 shares in the last quarter. Finally, Morse Asset Management Inc lifted its holdings in shares of PIMCO New York Municipal Income Fund II by 77.2% in the fourth quarter. Morse Asset Management Inc now owns 40,779 shares of the company’s stock valued at $292,000 after purchasing an additional 17,767 shares in the last quarter.

PIMCO New York Municipal Income Fund II Stock Up 0.5%

Shares of NYSE PNI opened at $6.69 on Thursday. PIMCO New York Municipal Income Fund II has a 12-month low of $6.51 and a 12-month high of $7.96. The firm’s 50-day moving average is $6.75 and its two-hundred day moving average is $7.09.

PIMCO New York Municipal Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Thursday, June 12th will be issued a $0.0295 dividend. This represents a $0.35 annualized dividend and a dividend yield of 5.29%. The ex-dividend date is Thursday, June 12th.

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.