1,057,865 Shares in PIMCO New York Municipal Income Fund II $PNI Bought by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC acquired a new stake in PIMCO New York Municipal Income Fund II (NYSE:PNI) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,057,865 shares of the company’s stock, valued at approximately $7,246,000.

Several other hedge funds have also modified their holdings of PNI. International Assets Investment Management LLC acquired a new stake in shares of PIMCO New York Municipal Income Fund II during the 1st quarter valued at about $52,000. Envestnet Asset Management Inc. acquired a new stake in PIMCO New York Municipal Income Fund II in the second quarter valued at approximately $79,000. Baird Financial Group Inc. purchased a new stake in shares of PIMCO New York Municipal Income Fund II in the second quarter valued at approximately $117,000. Maltin Wealth Management Inc. acquired a new position in shares of PIMCO New York Municipal Income Fund II during the 1st quarter worth approximately $150,000. Finally, Catalina Capital Group LLC acquired a new position in shares of PIMCO New York Municipal Income Fund II during the 1st quarter worth approximately $180,000.

PIMCO New York Municipal Income Fund II Price Performance

Shares of NYSE PNI opened at $6.85 on Wednesday. The firm has a fifty day moving average of $7.00 and a 200 day moving average of $6.99. PIMCO New York Municipal Income Fund II has a one year low of $6.43 and a one year high of $7.20.

PIMCO New York Municipal Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Monday, July 13th will be paid a $0.0295 dividend. The ex-dividend date of this dividend is Monday, July 13th. This represents a c) dividend on an annualized basis and a yield of 5.2%.

PIMCO New York Municipal Income Fund II Company Profile

PIMCO New York Municipal Income Fund II (NYSE: PNI) is a closed-end management investment company that seeks to provide a high level of current income exempt from both federal and New York State income taxes. The fund is managed by Pacific Investment Management Company LLC (PIMCO), a global fixed income investment firm. PNI invests primarily in investment-grade municipal obligations issued by or on behalf of the state of New York, its municipalities and related public authorities.

The fund’s portfolio is constructed with a focus on New York state general obligation and revenue bonds, including transportation, education, healthcare and utility-backed securities.