Noble Wealth Management PBC Acquires New Position in PIMCO New York Municipal Income Fund II (NYSE:PNI)

Noble Wealth Management PBC acquired a new stake in PIMCO New York Municipal Income Fund II (NYSE:PNI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 62,325 shares of the company’s stock, valued at approximately $446,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PNI. Beckerman Institutional LLC acquired a new stake in shares of PIMCO New York Municipal Income Fund II in the third quarter valued at about $120,000. Morse Asset Management Inc acquired a new stake in shares of PIMCO New York Municipal Income Fund II in the third quarter valued at about $182,000. Wolverine Asset Management LLC lifted its stake in shares of PIMCO New York Municipal Income Fund II by 122.8% in the third quarter. Wolverine Asset Management LLC now owns 65,307 shares of the company’s stock valued at $515,000 after purchasing an additional 35,993 shares during the period. Finally, Riverbridge Partners LLC acquired a new stake in shares of PIMCO New York Municipal Income Fund II in the fourth quarter valued at about $708,000.

PIMCO New York Municipal Income Fund II Trading Up 0.3 %

Shares of NYSE PNI opened at $7.46 on Friday. PIMCO New York Municipal Income Fund II has a 52 week low of $6.96 and a 52 week high of $7.96. The firm has a 50-day moving average price of $7.23 and a 200 day moving average price of $7.45.

PIMCO New York Municipal Income Fund II Dividend Announcement

The firm also recently announced 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. This represents a $0.35 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date is Thursday, February 13th.

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.