Pimco CA Muni. Income Fund II (NYSE:PCK) Shares Pass Below Fifty Day Moving Average of $9.91

Pimco CA Muni. Income Fund II (NYSE:PCK) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.91 and traded as low as $9.84. Pimco CA Muni. Income Fund II shares last traded at $9.87, with a volume of 44,411 shares changing hands.

The stock’s 50-day simple moving average is $9.90 and its 200 day simple moving average is $9.92.

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.032 per share. The ex-dividend date is Wednesday, February 12th. This represents a $0.38 annualized dividend and a dividend yield of 3.85%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. FNY Investment Advisers LLC raised its holdings in shares of Pimco CA Muni. Income Fund II by 1,420.4% during the third quarter. FNY Investment Advisers LLC now owns 4,926 shares of the closed-end fund’s stock valued at $48,000 after purchasing an additional 4,602 shares during the period. First Trust Advisors LP acquired a new position in shares of Pimco CA Muni. Income Fund II during the first quarter valued at about $119,000. Epstein & White Financial LLC acquired a new position in shares of Pimco CA Muni. Income Fund II during the fourth quarter valued at about $139,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Pimco CA Muni. Income Fund II by 2.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 81,067 shares of the closed-end fund’s stock valued at $811,000 after purchasing an additional 1,631 shares during the period. Finally, Wedbush Securities Inc. raised its holdings in shares of Pimco CA Muni. Income Fund II by 6.0% during the fourth quarter. Wedbush Securities Inc. now owns 106,092 shares of the closed-end fund’s stock valued at $1,061,000 after purchasing an additional 6,000 shares during the period.

About Pimco CA Muni. Income Fund II (NYSE:PCK)

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.

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