PIMCO New York Municipal Income Fund II $PNI Shares Purchased by Robinson Capital Management LLC

Robinson Capital Management LLC boosted its position in shares of PIMCO New York Municipal Income Fund II (NYSE:PNI) by 36.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 389,726 shares of the company’s stock after buying an additional 103,844 shares during the period. PIMCO New York Municipal Income Fund II accounts for approximately 1.2% of Robinson Capital Management LLC’s portfolio, making the stock its 24th biggest holding. Robinson Capital Management LLC’s holdings in PIMCO New York Municipal Income Fund II were worth $2,763,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PNI. Saba Capital Management L.P. acquired a new stake in PIMCO New York Municipal Income Fund II during the 1st quarter worth $2,974,000. Beckerman Institutional LLC acquired a new position in PIMCO New York Municipal Income Fund II in the second quarter valued at $537,000. Bank of New York Mellon Corp acquired a new position in PIMCO New York Municipal Income Fund II in the first quarter valued at $1,061,000. Whitebox Advisors LLC acquired a new position in PIMCO New York Municipal Income Fund II in the first quarter valued at $2,658,000. Finally, Rivernorth Capital Management LLC purchased a new stake in shares of PIMCO New York Municipal Income Fund II in the first quarter valued at about $7,246,000.

PIMCO New York Municipal Income Fund II Trading Down 0.4%

Shares of PNI opened at $6.66 on Thursday. PIMCO New York Municipal Income Fund II has a fifty-two week low of $6.64 and a fifty-two week high of $7.20. The firm has a 50-day simple moving average of $6.89 and a 200-day simple moving average of $6.95.

PIMCO New York Municipal Income Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be paid a dividend of $0.0295 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a c) annualized dividend and a yield of 5.3%.

About PIMCO New York Municipal Income Fund II

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.