Simon Quick Advisors LLC Buys New Shares in PIMCO California Municipal Income Fund II (NYSE:PCK)

Simon Quick Advisors LLC bought a new stake in PIMCO California Municipal Income Fund II (NYSE:PCKFree Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,410 shares of the closed-end fund’s stock, valued at approximately $84,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC grew its position in PIMCO California Municipal Income Fund II by 25.8% during the second quarter. Rivernorth Capital Management LLC now owns 1,062,768 shares of the closed-end fund’s stock valued at $6,323,000 after acquiring an additional 218,022 shares during the period. Advisors Asset Management Inc. grew its position in PIMCO California Municipal Income Fund II by 4.9% during the third quarter. Advisors Asset Management Inc. now owns 701,956 shares of the closed-end fund’s stock valued at $3,524,000 after acquiring an additional 32,822 shares during the period. Guggenheim Capital LLC grew its position in PIMCO California Municipal Income Fund II by 0.8% during the second quarter. Guggenheim Capital LLC now owns 550,140 shares of the closed-end fund’s stock valued at $3,273,000 after acquiring an additional 4,494 shares during the period. Morgan Stanley grew its position in PIMCO California Municipal Income Fund II by 26.4% during the fourth quarter. Morgan Stanley now owns 535,097 shares of the closed-end fund’s stock valued at $3,633,000 after acquiring an additional 111,604 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its position in PIMCO California Municipal Income Fund II by 23.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 460,089 shares of the closed-end fund’s stock valued at $2,310,000 after acquiring an additional 86,729 shares during the period.

PIMCO California Municipal Income Fund II Price Performance

PCK stock opened at $5.75 on Wednesday. PIMCO California Municipal Income Fund II has a 12-month low of $4.85 and a 12-month high of $6.33. The stock has a 50-day moving average price of $5.79 and a two-hundred day moving average price of $5.55.

PIMCO California Municipal Income Fund II Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 11th will be given a $0.0215 dividend. This represents a $0.26 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Friday, March 8th.

PIMCO California Municipal Income Fund II Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PIMCO California Municipal Income Fund II (NYSE:PCK)

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