Morse Asset Management Inc Buys 8,399 Shares of PIMCO California Municipal Income Fund II (NYSE:PCK)

Morse Asset Management Inc grew its stake in PIMCO California Municipal Income Fund II (NYSE:PCK) by 52.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,401 shares of the closed-end fund’s stock after purchasing an additional 8,399 shares during the period. Morse Asset Management Inc’s holdings in PIMCO California Municipal Income Fund II were worth $140,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PCK. Almitas Capital LLC bought a new stake in PIMCO California Municipal Income Fund II in the fourth quarter worth $59,000. Virtu Financial LLC bought a new position in PIMCO California Municipal Income Fund II during the fourth quarter valued at $70,000. Citadel Advisors LLC purchased a new stake in shares of PIMCO California Municipal Income Fund II in the fourth quarter valued at $75,000. Two Sigma Securities LLC bought a new stake in shares of PIMCO California Municipal Income Fund II in the 4th quarter worth about $81,000. Finally, Abound Financial LLC purchased a new position in shares of PIMCO California Municipal Income Fund II during the 4th quarter worth about $113,000.

PIMCO California Municipal Income Fund II Price Performance

PIMCO California Municipal Income Fund II stock opened at $5.50 on Wednesday. PIMCO California Municipal Income Fund II has a 1-year low of $5.18 and a 1-year high of $6.34. The company’s 50-day moving average is $5.59 and its 200 day moving average is $5.75.

PIMCO California Municipal Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be paid a dividend of $0.0215 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend is Monday, May 12th.

PIMCO California Municipal Income Fund II Profile

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.