Advisors Asset Management Inc. Sells 11,469 Shares of PIMCO California Municipal Income Fund II (NYSE:PCK)

Advisors Asset Management Inc. trimmed its holdings in shares of PIMCO California Municipal Income Fund II (NYSE:PCK) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 640,677 shares of the closed-end fund’s stock after selling 11,469 shares during the quarter. Advisors Asset Management Inc.’s holdings in PIMCO California Municipal Income Fund II were worth $4,023,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Almitas Capital LLC bought a new position in shares of PIMCO California Municipal Income Fund II during the second quarter worth approximately $64,000. Cetera Advisors LLC bought a new position in PIMCO California Municipal Income Fund II during the 1st quarter worth $74,000. Commonwealth Equity Services LLC raised its holdings in PIMCO California Municipal Income Fund II by 3.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 62,422 shares of the closed-end fund’s stock valued at $365,000 after acquiring an additional 2,200 shares in the last quarter. City of London Investment Management Co. Ltd. lifted its position in shares of PIMCO California Municipal Income Fund II by 29.9% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 267,495 shares of the closed-end fund’s stock valued at $1,565,000 after acquiring an additional 61,501 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of PIMCO California Municipal Income Fund II by 4.9% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 488,249 shares of the closed-end fund’s stock worth $2,856,000 after purchasing an additional 22,982 shares in the last quarter.

PIMCO California Municipal Income Fund II Price Performance

PCK stock opened at $5.86 on Friday. PIMCO California Municipal Income Fund II has a 52 week low of $5.51 and a 52 week high of $6.34. The business has a 50-day simple moving average of $6.08 and a 200 day simple moving average of $5.96.

PIMCO California Municipal Income Fund II Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.0215 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend is Tuesday, November 12th.

PIMCO California Municipal Income Fund II Profile

PIMCO California Municipal Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of United States. It seeks to invest in stocks of companies operating across diversified sectors.