Beckerman Institutional LLC Takes $519,000 Position in PIMCO New York Municipal Income Fund II $PNI

Beckerman Institutional LLC bought a new position in shares of PIMCO New York Municipal Income Fund II (NYSE:PNI) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 75,711 shares of the company’s stock, valued at approximately $519,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC bought a new position in PIMCO New York Municipal Income Fund II in the 1st quarter valued at $52,000. Envestnet Asset Management Inc. purchased a new position in shares of PIMCO New York Municipal Income Fund II during the 2nd quarter valued at $79,000. Baird Financial Group Inc. bought a new position in shares of PIMCO New York Municipal Income Fund II in the second quarter worth $117,000. Maltin Wealth Management Inc. bought a new position in shares of PIMCO New York Municipal Income Fund II in the first quarter worth $150,000. Finally, Catalina Capital Group LLC purchased a new stake in shares of PIMCO New York Municipal Income Fund II in the first quarter worth $180,000.

PIMCO New York Municipal Income Fund II Price Performance

NYSE:PNI opened at $7.01 on Tuesday. PIMCO New York Municipal Income Fund II has a 52-week low of $6.43 and a 52-week high of $7.20. The stock has a fifty day moving average of $7.01 and a 200 day moving average of $6.99.

PIMCO New York Municipal Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be issued a $0.0295 dividend. The ex-dividend date of this dividend is Monday, July 13th. This represents a c) annualized dividend and a dividend yield of 5.0%.

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.