Logan Stone Capital LLC Sells 113,347 Shares of PIMCO California Municipal Income Fund II (NYSE:PCK)

Logan Stone Capital LLC cut its holdings in PIMCO California Municipal Income Fund II (NYSE:PCK) by 28.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 285,817 shares of the closed-end fund’s stock after selling 113,347 shares during the period. Logan Stone Capital LLC’s holdings in PIMCO California Municipal Income Fund II were worth $1,672,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. D.A. Davidson & CO. boosted its position in shares of PIMCO California Municipal Income Fund II by 21.7% during the 4th quarter. D.A. Davidson & CO. now owns 12,553 shares of the closed-end fund’s stock valued at $73,000 after purchasing an additional 2,238 shares in the last quarter. Tortoise Investment Management LLC boosted its holdings in shares of PIMCO California Municipal Income Fund II by 218.0% during the 4th quarter. Tortoise Investment Management LLC now owns 14,310 shares of the closed-end fund’s stock worth $83,000 after buying an additional 9,810 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of PIMCO California Municipal Income Fund II during the 4th quarter worth approximately $81,000. Matisse Capital increased its stake in shares of PIMCO California Municipal Income Fund II by 22.3% in the 1st quarter. Matisse Capital now owns 328,504 shares of the closed-end fund’s stock valued at $1,895,000 after acquiring an additional 59,921 shares in the last quarter. Finally, SageView Advisory Group LLC acquired a new position in shares of PIMCO California Municipal Income Fund II during the 1st quarter valued at $59,000.

PIMCO California Municipal Income Fund II Price Performance

Shares of NYSE PCK opened at $6.16 on Friday. The company’s fifty day simple moving average is $6.01 and its 200 day simple moving average is $5.87. PIMCO California Municipal Income Fund II has a 12-month low of $4.85 and a 12-month high of $6.23.

PIMCO California Municipal Income Fund II Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a $0.0215 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.26 annualized dividend and a dividend yield of 4.19%.

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.