PIMCO California Municipal Income Fund II (NYSE:PCK) Stock Price Passes Above 50-Day Moving Average of $5.92

PIMCO California Municipal Income Fund II (NYSE:PCK) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $5.92 and traded as high as $6.00. PIMCO California Municipal Income Fund II shares last traded at $5.98, with a volume of 31,621 shares traded.

PIMCO California Municipal Income Fund II Trading Down 0.2 %

The business has a fifty day moving average price of $5.92 and a 200 day moving average price of $5.83.

PIMCO California Municipal Income Fund II Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th will be issued a $0.022 dividend. The ex-dividend date of this dividend is Monday, August 12th. This is an increase from PIMCO California Municipal Income Fund II’s previous monthly dividend of $0.02. This represents a $0.26 dividend on an annualized basis and a yield of 4.41%.

Institutional Trading of PIMCO California Municipal Income Fund II

Hedge funds have recently modified their holdings of the company. Almitas Capital LLC acquired a new stake in PIMCO California Municipal Income Fund II during the second quarter worth $64,000. City of London Investment Management Co. Ltd. boosted its holdings in PIMCO California Municipal Income Fund II by 29.9% during the second quarter. City of London Investment Management Co. Ltd. now owns 267,495 shares of the closed-end fund’s stock valued at $1,565,000 after purchasing an additional 61,501 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of PIMCO California Municipal Income Fund II by 3.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 62,422 shares of the closed-end fund’s stock valued at $365,000 after purchasing an additional 2,200 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in shares of PIMCO California Municipal Income Fund II by 4.9% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 488,249 shares of the closed-end fund’s stock worth $2,856,000 after buying an additional 22,982 shares in the last quarter. Finally, Cetera Advisors LLC bought a new position in shares of PIMCO California Municipal Income Fund II during the 1st quarter worth approximately $74,000.

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.