PIMCO California Municipal Income Fund II (NYSE:PCK) Shares Cross Below 200 Day Moving Average – Here’s What Happened

PIMCO California Municipal Income Fund II (NYSE:PCK) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.47 and traded as low as $5.26. PIMCO California Municipal Income Fund II shares last traded at $5.29, with a volume of 160,473 shares trading hands.

PIMCO California Municipal Income Fund II Stock Up 0.6%

The stock has a fifty day moving average of $5.31 and a 200-day moving average of $5.47.

PIMCO California Municipal Income Fund II Announces Dividend

The firm also recently declared 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) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Friday, July 11th.

Hedge Funds Weigh In On PIMCO California Municipal Income Fund II

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Riverbridge Partners LLC lifted its stake in PIMCO California Municipal Income Fund II by 4.3% in the second quarter. Riverbridge Partners LLC now owns 129,835 shares of the closed-end fund’s stock valued at $696,000 after buying an additional 5,376 shares during the last quarter. Landscape Capital Management L.L.C. raised its stake in shares of PIMCO California Municipal Income Fund II by 46.3% during the first quarter. Landscape Capital Management L.L.C. now owns 20,867 shares of the closed-end fund’s stock worth $118,000 after purchasing an additional 6,599 shares during the last quarter. Morse Asset Management Inc raised its stake in shares of PIMCO California Municipal Income Fund II by 52.5% during the fourth quarter. Morse Asset Management Inc now owns 24,401 shares of the closed-end fund’s stock worth $140,000 after purchasing an additional 8,399 shares during the last quarter. Dakota Wealth Management purchased a new stake in shares of PIMCO California Municipal Income Fund II during the second quarter worth approximately $54,000. Finally, Sowell Financial Services LLC purchased a new stake in shares of PIMCO California Municipal Income Fund II during the first quarter worth approximately $60,000.

About PIMCO California Municipal Income Fund II

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.