Hennion & Walsh Asset Management Inc. Grows Stock Holdings in PIMCO New York Municipal Income Fund II $PNI

Hennion & Walsh Asset Management Inc. grew its stake in shares of PIMCO New York Municipal Income Fund II (NYSE:PNI) by 189.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 417,718 shares of the company’s stock after acquiring an additional 273,530 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in PIMCO New York Municipal Income Fund II were worth $2,903,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Envestnet Asset Management Inc. purchased a new stake in PIMCO New York Municipal Income Fund II during the 2nd quarter worth about $79,000. Catalina Capital Group LLC bought a new stake in shares of PIMCO New York Municipal Income Fund II during the second quarter valued at about $100,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of PIMCO New York Municipal Income Fund II in the second quarter worth about $108,000. Baird Financial Group Inc. bought a new position in shares of PIMCO New York Municipal Income Fund II in the second quarter valued at approximately $117,000. Finally, Dopkins Wealth Management LLC boosted its position in shares of PIMCO New York Municipal Income Fund II by 83.8% in the third quarter. Dopkins Wealth Management LLC now owns 28,646 shares of the company’s stock valued at $199,000 after acquiring an additional 13,061 shares during the period.

PIMCO New York Municipal Income Fund II Stock Up 1.1%

PIMCO New York Municipal Income Fund II stock opened at $7.01 on Thursday. PIMCO New York Municipal Income Fund II has a 1-year low of $6.43 and a 1-year high of $7.47. The firm’s 50 day simple moving average is $6.92 and its 200 day simple moving average is $6.81.

PIMCO New York Municipal Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Tuesday, January 13th will be paid a $0.0295 dividend. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Tuesday, January 13th.

PIMCO New York Municipal Income Fund II 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.