Logan Stone Capital LLC Has $1.20 Million Stock Position in PIMCO New York Municipal Income Fund II (NYSE:PNI)

Logan Stone Capital LLC boosted its stake in shares of PIMCO New York Municipal Income Fund II (NYSE:PNI) by 81.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 167,280 shares of the company’s stock after buying an additional 75,132 shares during the period. Logan Stone Capital LLC’s holdings in PIMCO New York Municipal Income Fund II were worth $1,198,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Commonwealth Equity Services LLC raised its holdings in PIMCO New York Municipal Income Fund II by 250.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 64,613 shares of the company’s stock worth $463,000 after buying an additional 46,155 shares during the period. Wells Fargo & Company MN raised its holdings in PIMCO New York Municipal Income Fund II by 39.4% during the 4th quarter. Wells Fargo & Company MN now owns 24,243 shares of the company’s stock worth $174,000 after buying an additional 6,850 shares during the period. Raymond James Financial Inc. acquired a new stake in PIMCO New York Municipal Income Fund II during the 4th quarter worth approximately $486,000. Blue Bell Private Wealth Management LLC acquired a new stake in PIMCO New York Municipal Income Fund II during the 4th quarter worth approximately $39,000. Finally, Guggenheim Capital LLC raised its holdings in PIMCO New York Municipal Income Fund II by 6.2% during the 4th quarter. Guggenheim Capital LLC now owns 206,950 shares of the company’s stock worth $1,482,000 after buying an additional 12,042 shares during the period.

PIMCO New York Municipal Income Fund II Stock Performance

NYSE PNI opened at $6.87 on Monday. 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 $6.96 and its 200-day moving average is $7.19.

PIMCO New York Municipal Income Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be issued a $0.0295 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.15%.

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.