PIMCO New York Municipal Income Fund II (NYSE:PNI) Trading Up 0.4%

PIMCO New York Municipal Income Fund II (NYSE:PNI) shares were up 0.4% during trading on Thursday . The company traded as high as $10.89 and last traded at $10.87. Approximately 20,585 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 26,277 shares. The stock had previously closed at $10.83.

The stock has a 50-day simple moving average of $10.59 and a 200 day simple moving average of $10.63.

Institutional investors and hedge funds have recently made changes to their positions in the business. Guggenheim Capital LLC lifted its stake in shares of PIMCO New York Municipal Income Fund II by 6.3% in the 3rd quarter. Guggenheim Capital LLC now owns 191,092 shares of the company’s stock valued at $2,050,000 after purchasing an additional 11,317 shares during the period. UBS Group AG raised its stake in PIMCO New York Municipal Income Fund II by 21.8% during the 2nd quarter. UBS Group AG now owns 48,489 shares of the company’s stock worth $502,000 after buying an additional 8,666 shares during the period. Kestra Advisory Services LLC acquired a new stake in PIMCO New York Municipal Income Fund II during the 3rd quarter worth $328,000. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of PIMCO New York Municipal Income Fund II by 36.1% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 5,166 shares of the company’s stock valued at $55,000 after purchasing an additional 1,371 shares during the period.

About PIMCO New York Municipal Income Fund II (NYSE:PNI)

PIMCO New York Municipal Income Fund II is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in municipal bonds that pay interest that is exempt from federal, New York State, and New York City income tax.

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