PIMCO California Municipal Income Fund II (NYSE:PCK) Shares Acquired by Logan Stone Capital LLC

Logan Stone Capital LLC lifted its stake in shares of PIMCO California Municipal Income Fund II (NYSE:PCK) by 22.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 315,434 shares of the closed-end fund’s stock after acquiring an additional 58,751 shares during the quarter. PIMCO California Municipal Income Fund II comprises about 0.6% of Logan Stone Capital LLC’s investment portfolio, making the stock its 29th biggest holding. Logan Stone Capital LLC’s holdings in PIMCO California Municipal Income Fund II were worth $1,804,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Capstone Investment Advisors LLC acquired a new position in PIMCO California Municipal Income Fund II in the fourth quarter worth approximately $401,000. Citadel Advisors LLC acquired a new position in PIMCO California Municipal Income Fund II in the fourth quarter worth approximately $75,000. Baird Financial Group Inc. grew its position in PIMCO California Municipal Income Fund II by 30.7% in the fourth quarter. Baird Financial Group Inc. now owns 76,381 shares of the closed-end fund’s stock worth $437,000 after buying an additional 17,926 shares during the last quarter. Bank of America Corp DE grew its position in PIMCO California Municipal Income Fund II by 130.7% in the fourth quarter. Bank of America Corp DE now owns 54,407 shares of the closed-end fund’s stock worth $311,000 after buying an additional 30,826 shares during the last quarter. Finally, Almitas Capital LLC acquired a new position in PIMCO California Municipal Income Fund II in the fourth quarter worth approximately $59,000.

PIMCO California Municipal Income Fund II Stock Performance

PIMCO California Municipal Income Fund II stock opened at $5.57 on Monday. PIMCO California Municipal Income Fund II has a 1 year low of $5.18 and a 1 year high of $6.34. The firm’s 50 day moving average price is $5.59 and its two-hundred day moving average price is $5.75.

PIMCO California Municipal Income Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be given a dividend of $0.0215 per share. This represents a $0.26 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend is Monday, May 12th.

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.