Landscape Capital Management L.L.C. Cuts Stock Holdings in PIMCO New York Municipal Income Fund II (NYSE:PNI)

Landscape Capital Management L.L.C. lessened its holdings in PIMCO New York Municipal Income Fund II (NYSE:PNI) by 16.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 17,035 shares of the company’s stock after selling 3,404 shares during the period. Landscape Capital Management L.L.C.’s holdings in PIMCO New York Municipal Income Fund II were worth $134,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PNI. Hennion & Walsh Asset Management Inc. lifted its holdings in PIMCO New York Municipal Income Fund II by 1.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 201,853 shares of the company’s stock worth $1,496,000 after buying an additional 3,431 shares during the period. Matisse Capital boosted its position in PIMCO New York Municipal Income Fund II by 29.2% during the second quarter. Matisse Capital now owns 128,524 shares of the company’s stock valued at $952,000 after purchasing an additional 29,017 shares in the last quarter. Wolverine Asset Management LLC grew its stake in PIMCO New York Municipal Income Fund II by 365.4% in the second quarter. Wolverine Asset Management LLC now owns 29,314 shares of the company’s stock valued at $217,000 after purchasing an additional 23,015 shares during the last quarter. Logan Stone Capital LLC raised its holdings in PIMCO New York Municipal Income Fund II by 11.7% in the second quarter. Logan Stone Capital LLC now owns 82,576 shares of the company’s stock worth $612,000 after purchasing an additional 8,651 shares in the last quarter. Finally, Palumbo Wealth Management LLC bought a new position in PIMCO New York Municipal Income Fund II in the third quarter worth about $487,000.

PIMCO New York Municipal Income Fund II Stock Performance

NYSE:PNI opened at $7.43 on Tuesday. The company’s 50-day simple moving average is $7.59 and its 200-day simple moving average is $7.51. PIMCO New York Municipal Income Fund II has a fifty-two week low of $7.03 and a fifty-two week high of $7.96.

PIMCO New York Municipal Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.0295 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date is Tuesday, November 12th.

About PIMCO New York Municipal Income Fund II

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.