Riverbridge Partners LLC Boosts Holdings in PIMCO New York Municipal Income Fund II $PNI

Riverbridge Partners LLC lifted its stake in shares of PIMCO New York Municipal Income Fund II (NYSE:PNI) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,371 shares of the company’s stock after purchasing an additional 4,268 shares during the period. Riverbridge Partners LLC’s holdings in PIMCO New York Municipal Income Fund II were worth $755,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of PNI. Almitas Capital LLC acquired a new stake in PIMCO New York Municipal Income Fund II in the 1st quarter worth about $327,000. Landscape Capital Management L.L.C. acquired a new stake in shares of PIMCO New York Municipal Income Fund II in the first quarter worth approximately $79,000. Sit Investment Associates Inc. raised its stake in PIMCO New York Municipal Income Fund II by 38.9% in the 1st quarter. Sit Investment Associates Inc. now owns 178,388 shares of the company’s stock valued at $1,263,000 after purchasing an additional 50,000 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in PIMCO New York Municipal Income Fund II by 29.0% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 7,110 shares of the company’s stock valued at $50,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Morse Asset Management Inc boosted its stake in PIMCO New York Municipal Income Fund II by 7.4% during the 1st quarter. Morse Asset Management Inc now owns 43,777 shares of the company’s stock worth $310,000 after purchasing an additional 2,998 shares during the last quarter.

PIMCO New York Municipal Income Fund II Stock Down 0.5%

PIMCO New York Municipal Income Fund II stock opened at $6.89 on Friday. The company has a fifty day simple moving average of $6.65 and a 200-day simple moving average of $6.76. PIMCO New York Municipal Income Fund II has a 52-week low of $6.43 and a 52-week high of $7.96.

PIMCO New York Municipal Income Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be paid a $0.0295 dividend. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Friday, September 12th.

PIMCO New York Municipal Income Fund II 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.