November 18, 2016 - By Marguerite Chambers · 0 Comments
Pimco New York Municipal Income Fund (NYSE:PNF) institutional sentiment increased to 4 in Q2 2016. Its up 3.20, from 0.8 in 2016Q1. The ratio is more positive, as 4 funds increased and started new holdings, while 5 reduced and sold positions in Pimco New York Municipal Income Fund. The funds in our partner’s database reported: 482,347 shares, up from 476,280 shares in 2016Q1. Also, the number of funds holding Pimco New York Municipal Income Fund in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 2 Increased: 3 New Position: 1.
PIMCO New York Municipal Income Fund is a non-diversified, closed-end management investment company. The company has a market cap of $91.73 million. The Fund’s primary investment objective is to seek current income exempt from federal, New York State and New York City income tax. It currently has negative earnings. The Fund invests primarily in New York municipal bonds.
About 10,944 shares traded hands. Pimco NY Municipal Income Fund (NYSE:PNF) has declined 8.07% since April 18, 2016 and is downtrending. It has underperformed by 12.50% the S&P500.
Horizon Kinetics Llc holds 0.02% of its portfolio in Pimco NY Municipal Income Fund for 57,419 shares. Focused Wealth Management Inc owns 1,050 shares or 0.01% of their US portfolio. Moreover, Guggenheim Capital Llc has 0.01% invested in the company for 215,623 shares. The North Carolina-based Bank Of America Corp De has invested 0% in the stock. Commonwealth Equity Services Inc, a Massachusetts-based fund reported 20,240 shares.#img1#
More important recent Pimco NY Municipal Income Fund (NYSE:PNF) news were published by: Nasdaq.com which released: “PIMCO New York Municipal Income Fund III (PYN) Ex-Dividend Date Scheduled for …” on October 10, 2016, also Marketwired.com published article titled: “PIMCO Closed-End Funds Announce Changes in Fiscal Year Ends and Shareholder …”, Barrons.com published: “Can Low Rates Keep Lifting the Stock Market?” on July 09, 2016. More interesting news about Pimco NY Municipal Income Fund (NYSE:PNF) was released by: Zacks.com and their article: “5 Top-Ranked Municipal Bond Mutual Funds” with publication date: July 24, 2015.
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By Marguerite Chambers