PIMCO New York Municipal Income Fund II (NYSE:PNI) Position Boosted by Wolverine Asset Management LLC

Wolverine Asset Management LLC boosted its holdings in PIMCO New York Municipal Income Fund II (NYSE:PNI) by 33.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 86,998 shares of the company’s stock after acquiring an additional 21,691 shares during the period. Wolverine Asset Management LLC’s holdings in PIMCO New York Municipal Income Fund II were worth $623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of PNI. Riverbridge Partners LLC acquired a new position in shares of PIMCO New York Municipal Income Fund II in the 4th quarter valued at about $708,000. Palumbo Wealth Management LLC bought a new stake in PIMCO New York Municipal Income Fund II during the 3rd quarter valued at $487,000. Morse Asset Management Inc acquired a new position in PIMCO New York Municipal Income Fund II during the 3rd quarter worth $182,000. Finally, Beckerman Institutional LLC bought a new position in shares of PIMCO New York Municipal Income Fund II in the third quarter worth $120,000.

PIMCO New York Municipal Income Fund II Stock Performance

Shares of NYSE PNI opened at $7.37 on Monday. The firm’s 50-day simple moving average is $7.21 and its 200 day simple moving average is $7.45. PIMCO New York Municipal Income Fund II has a fifty-two week low of $6.96 and a fifty-two week high of $7.96.

PIMCO New York Municipal Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be given a dividend of $0.0295 per share. The ex-dividend date is Thursday, February 13th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.80%.

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.