November 22, 2016 - By Marie Mckinney · 0 Comments
Pimco New York Municipal Income Fund II (NYSE:PNI) institutional sentiment increased to 3 in Q2 2016. Its up 2.17, from 0.83 in 2016Q1. The ratio is better, as 5 investment managers started new or increased positions, while 6 decreased and sold their stock positions in Pimco New York Municipal Income Fund II. The investment managers in our partner’s database now possess: 359,378 shares, down from 365,365 shares in 2016Q1. Also, the number of investment managers holding Pimco New York Municipal Income Fund II in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 1 Increased: 4 New Position: 1.
PIMCO New York Municipal Income Fund II is a non-diversified, closed-end company. The company has a market cap of $132.97 million. The Fund’s 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 normally invests approximately 90% of its net assets in municipal bonds that pay interest that is exempt from federal, New York State and New York City income tax.
The stock increased 0.93% or $0.11 on November 21, hitting $12.01. Pimco NY Muni Income Fund II (NYSE:PNI) has declined 11.59% since April 20, 2016 and is downtrending. It has underperformed by 16.15% the S&P500.
Arrow Financial Corp holds 0.02% of its portfolio in Pimco NY Muni Income Fund II for 6,000 shares. Guggenheim Capital Llc owns 302,832 shares or 0.01% of their US portfolio. Moreover, Bank Of America Corp De has 0% invested in the company for 7,822 shares. The Florida-based Ladenburg Thalmann Financial Services Inc has invested 0% in the stock. Morgan Stanley, a New York-based fund reported 23,433 shares.#img1#
PIMCO New York Municipal Income Fund II (the Fund) is a non-diversified, closed-end management investment company. The Fundâ€™s investment objective is to provide current income exempt from federal, New York State and New York City income taxes. PIMCO New York Municipal Income Fund II invests substantially all of its total assets in municipal bonds, which pay interest that is exempt from federal, New York State and New York City income taxes. It also invests in residual interest municipal bonds/residual interest tax-exempt bonds.
More notable recent Pimco NY Muni Income Fund II (NYSE:PNI) news were published by: Businesswire.com which released: “PMF, PCQ, PNF, PML, PCK, PNI, PMX, PZC and PYN Declare Monthly Common Share …” on April 01, 2014, also Marketwired.com with their article: “PIMCO Closed-End Funds Announce Changes in Fiscal Year Ends and Shareholder …” published on December 22, 2014, Seekingalpha.com published: “Stocks With Tax Free Yields Above 7%” on February 19, 2010. More interesting news about Pimco NY Muni Income Fund II (NYSE:PNI) were released by: Seekingalpha.com and their article: “Four Top-Ranked Municipal Bond Mutual Funds For Stable Returns” published on March 10, 2016 as well as Seekingalpha.com‘s news article titled: “Look Out Below! PIMCO Closed End Funds Suffer From Bill Gross Departure” with publication date: September 27, 2014.
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By Marie Mckinney