Lido Advisors LLC Takes $672,000 Position in PIMCO New York Municipal Income Fund II $PNI

Lido Advisors LLC bought a new position in shares of PIMCO New York Municipal Income Fund II (NYSE:PNI) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 97,691 shares of the company’s stock, valued at approximately $672,000.

Several other hedge funds have also added to or reduced their stakes in PNI. Cetera Investment Advisers bought a new position in PIMCO New York Municipal Income Fund II during the 1st quarter worth $333,000. Bank of New York Mellon Corp acquired a new position in shares of PIMCO New York Municipal Income Fund II in the first quarter valued at about $1,061,000. Beckerman Institutional LLC bought a new position in PIMCO New York Municipal Income Fund II during the first quarter worth about $519,000. International Assets Investment Management LLC bought a new position in PIMCO New York Municipal Income Fund II during the first quarter worth about $52,000. Finally, Catalina Capital Group LLC acquired a new stake in PIMCO New York Municipal Income Fund II in the 1st quarter worth about $180,000.

PIMCO New York Municipal Income Fund II Price Performance

NYSE PNI opened at $6.84 on Thursday. The firm has a 50-day moving average price of $7.00 and a two-hundred day moving average price of $6.99. PIMCO New York Municipal Income Fund II has a 12-month low of $6.43 and a 12-month high of $7.20.

PIMCO New York Municipal Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Monday, July 13th will be paid a $0.0295 dividend. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Monday, July 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.