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

Robinson Capital Management LLC grew its position in shares of PIMCO New York Municipal Income Fund II (NYSE:PNI) by 36.3% in the second quarter, Holdings Channel reports. The institutional investor 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 1.2% of Robinson Capital Management LLC’s holdings, 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 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PNI. International Assets Investment Management LLC purchased a new stake in shares of PIMCO New York Municipal Income Fund II in the first quarter valued at about $52,000. Beacon Pointe Advisors LLC acquired a new position in shares of PIMCO New York Municipal Income Fund II during the second quarter worth about $75,000. Envestnet Asset Management Inc. purchased a new position in PIMCO New York Municipal Income Fund II during the second quarter worth about $79,000. Baird Financial Group Inc. purchased a new position in PIMCO New York Municipal Income Fund II during the second quarter worth about $117,000. Finally, Maltin Wealth Management Inc. acquired a new stake in PIMCO New York Municipal Income Fund II in the first quarter valued at about $150,000.

PIMCO New York Municipal Income Fund II Stock Down 0.4%

Shares of PNI opened at $6.66 on Thursday. PIMCO New York Municipal Income Fund II has a twelve month low of $6.64 and a twelve month high of $7.20. The stock’s 50 day moving average is $6.89 and its two-hundred day moving average is $6.95.

PIMCO New York Municipal Income Fund II Dividend Announcement

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

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.