PIMCO New York Municipal Income Fund II (NYSE:PNI) Major Shareholder Of America Corp /De/ Bank Purchases 12,170 Shares of Company Stock

PIMCO New York Municipal Income Fund II (NYSE:PNI) major shareholder Of America Corp /De/ Bank bought 12,170 shares of the business’s stock in a transaction that occurred on Wednesday, October 21st. The stock was purchased at an average cost of $6.33 per share, for a total transaction of $77,036.10. Following the completion of the transaction, the insider directly owned 12,170 shares in the company, valued at approximately $77,036.10. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Of America Corp /De/ Bank also recently made the following trade(s):

• On Wednesday, October 21st, Of America Corp /De/ Bank sold 4,846 shares of PIMCO New York Municipal Income Fund II stock. The shares were sold at an average price of $6.27, for a total value of $30,384.42.

PIMCO New York Municipal Income Fund II Price Performance

PNI stock traded down $0.05 during trading on Friday, reaching $6.33. 56,317 shares of the stock traded hands, compared to its average volume of 63,973. The business’s 50 day moving average price is $6.47 and its 200-day moving average price is $6.80. PIMCO New York Municipal Income Fund II has a 52-week low of $5.96 and a 52-week high of $7.20.

PIMCO New York Municipal Income Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Tuesday, October 13th will be issued a $0.0295 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Tuesday, October 13th.

Institutional Trading of PIMCO New York Municipal Income Fund II

A number of institutional investors have recently modified their holdings of PNI. CoreCap Advisors LLC acquired a new stake in PIMCO New York Municipal Income Fund II during the 3rd quarter worth approximately $26,000. International Assets Investment Management LLC acquired a new position in PIMCO New York Municipal Income Fund II during the first quarter valued at approximately $52,000. Beacon Pointe Advisors LLC acquired a new position in PIMCO New York Municipal Income Fund II during the second quarter valued at approximately $75,000. Maltin Wealth Management Inc. purchased a new stake in PIMCO New York Municipal Income Fund II during the first quarter worth approximately $150,000. Finally, Noble Wealth Management PBC purchased a new stake in PIMCO New York Municipal Income Fund II during the second quarter worth approximately $157,000.

PIMCO New York Municipal Income Fund II Company Profile

PIMCO New York Municipal Income Fund II is a closed-end fund listed on the New York Stock Exchange under the symbol PNI. The fund seeks to provide current income that is exempt from regular federal income tax and New York State and New York City personal income taxes.

The fund invests primarily in municipal bonds and other fixed-income securities issued by or on behalf of states, municipalities, and other public entities. Its portfolio may include general obligation bonds, revenue bonds, and other tax-exempt securities financing public services and infrastructure in New York and other municipal markets.

PNI is managed by PIMCO, an investment management firm specializing in fixed income.