PIMCO California Municipal Income Fund II $PCK Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers reduced its stake in PIMCO California Municipal Income Fund II (NYSE:PCK) by 4.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,934 shares of the closed-end fund’s stock after selling 2,446 shares during the period. Cetera Investment Advisers’ holdings in PIMCO California Municipal Income Fund II were worth $304,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Riverbridge Partners LLC increased its holdings in PIMCO California Municipal Income Fund II by 9.5% in the first quarter. Riverbridge Partners LLC now owns 124,459 shares of the closed-end fund’s stock valued at $702,000 after buying an additional 10,805 shares during the last quarter. Sowell Financial Services LLC purchased a new position in PIMCO California Municipal Income Fund II in the first quarter valued at $60,000. Saba Capital Management L.P. increased its holdings in PIMCO California Municipal Income Fund II by 12.1% in the fourth quarter. Saba Capital Management L.P. now owns 1,417,456 shares of the closed-end fund’s stock valued at $8,108,000 after buying an additional 152,715 shares during the last quarter. Morse Asset Management Inc increased its holdings in PIMCO California Municipal Income Fund II by 52.5% in the fourth quarter. Morse Asset Management Inc now owns 24,401 shares of the closed-end fund’s stock valued at $140,000 after buying an additional 8,399 shares during the last quarter. Finally, Logan Stone Capital LLC increased its holdings in PIMCO California Municipal Income Fund II by 22.9% in the fourth quarter. Logan Stone Capital LLC now owns 315,434 shares of the closed-end fund’s stock valued at $1,804,000 after buying an additional 58,751 shares during the last quarter.

PIMCO California Municipal Income Fund II Price Performance

NYSE:PCK opened at $5.29 on Wednesday. The business’s fifty day moving average price is $5.31 and its 200 day moving average price is $5.51. PIMCO California Municipal Income Fund II has a 12 month low of $5.18 and a 12 month high of $6.34.

PIMCO California Municipal Income Fund II Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, July 24th. Investors of record on Friday, July 11th were issued a $0.0215 dividend. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Friday, July 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.