434,145 Shares in PIMCO New York Municipal Income Fund II $PNI Acquired by Saba Capital Management L.P.

Saba Capital Management L.P. bought a new stake in shares of PIMCO New York Municipal Income Fund II (NYSE:PNI) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 434,145 shares of the company’s stock, valued at approximately $2,974,000.

A number of other hedge funds also recently modified their holdings of the business. Karpus Management Inc. grew its stake in shares of PIMCO New York Municipal Income Fund II by 23.8% in the 4th quarter. Karpus Management Inc. now owns 654,456 shares of the company’s stock valued at $4,509,000 after buying an additional 125,959 shares in the last quarter. Whitebox Advisors LLC bought a new position in PIMCO New York Municipal Income Fund II during the first quarter valued at approximately $2,658,000. Riverbridge Partners LLC lifted its stake in PIMCO New York Municipal Income Fund II by 10.2% in the first quarter. Riverbridge Partners LLC now owns 223,261 shares of the company’s stock valued at $1,529,000 after acquiring an additional 20,682 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in PIMCO New York Municipal Income Fund II in the first quarter valued at approximately $1,061,000. Finally, Lido Advisors LLC bought a new stake in PIMCO New York Municipal Income Fund II in the first quarter worth approximately $672,000.

PIMCO New York Municipal Income Fund II Price Performance

PIMCO New York Municipal Income Fund II stock opened at $6.82 on Tuesday. PIMCO New York Municipal Income Fund II has a one year low of $6.43 and a one year high of $7.20. The company’s fifty day moving average price is $7.00 and its two-hundred day moving average price is $6.99.

PIMCO New York Municipal Income Fund II Announces Dividend

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

PIMCO New York Municipal Income Fund II Company 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.