Raymond James Financial Services Advisors Inc. decreased its stake in shares of PIMCO California Municipal Income Fund II (NYSE:PCK – Free Report) by 54.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,403 shares of the closed-end fund’s stock after selling 35,046 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in PIMCO California Municipal Income Fund II were worth $171,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Moody National Bank Trust Division bought a new stake in shares of PIMCO California Municipal Income Fund II during the 4th quarter valued at $74,000. Dynamic Advisor Solutions LLC purchased a new position in PIMCO California Municipal Income Fund II during the 4th quarter valued at about $1,377,000. Advisors Asset Management Inc. boosted its stake 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 worth $3,524,000 after acquiring an additional 32,822 shares in the last quarter. Ackerman Capital Advisors LLC grew its holdings in PIMCO California Municipal Income Fund II by 28.9% in the third quarter. Ackerman Capital Advisors LLC now owns 191,211 shares of the closed-end fund’s stock worth $960,000 after purchasing an additional 42,818 shares during the period. Finally, Bramshill Investments LLC bought a new position in shares of PIMCO California Municipal Income Fund II during the third quarter valued at approximately $126,000.
PIMCO California Municipal Income Fund II Price Performance
Shares of PCK opened at $5.70 on Friday. The business’s 50 day moving average price is $5.76 and its 200-day moving average price is $5.62. PIMCO California Municipal Income Fund II has a 52 week low of $4.85 and a 52 week high of $6.25.
PIMCO California Municipal Income Fund II Cuts Dividend
PIMCO California Municipal Income Fund II Company 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.
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