PIMCO California Municipal Income Fund II (NYSE:PCK) Shares Sold by LPL Financial LLC

LPL Financial LLC reduced its position in PIMCO California Municipal Income Fund II (NYSE:PCK) by 38.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,331 shares of the closed-end fund’s stock after selling 8,436 shares during the quarter. LPL Financial LLC’s holdings in PIMCO California Municipal Income Fund II were worth $76,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Virtu Financial LLC purchased a new stake in PIMCO California Municipal Income Fund II during the 4th quarter valued at approximately $70,000. Morse Asset Management Inc acquired a new position in shares of PIMCO California Municipal Income Fund II in the third quarter valued at approximately $100,000. Abound Financial LLC purchased a new stake in shares of PIMCO California Municipal Income Fund II during the fourth quarter worth approximately $113,000. Silicon Valley Capital Partners acquired a new stake in shares of PIMCO California Municipal Income Fund II during the fourth quarter worth $134,000. Finally, Blue Bell Private Wealth Management LLC grew its position in PIMCO California Municipal Income Fund II by 59.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 34,963 shares of the closed-end fund’s stock valued at $200,000 after buying an additional 13,033 shares during the last quarter.

PIMCO California Municipal Income Fund II Stock Up 0.3 %

Shares of NYSE:PCK opened at $5.59 on Friday. PIMCO California Municipal Income Fund II has a fifty-two week low of $5.18 and a fifty-two week high of $6.34. The firm’s 50-day simple moving average is $5.64 and its 200-day simple moving average is $5.78.

PIMCO California Municipal Income Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, May 1st. Shareholders of record on Friday, April 11th were issued a $0.0215 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date was Friday, April 11th.

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.