Advisors Asset Management Inc. Sells 11,469 Shares of PIMCO California Municipal Income Fund II (NYSE:PCK)

Advisors Asset Management Inc. reduced its position in shares of PIMCO California Municipal Income Fund II (NYSE:PCK) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 640,677 shares of the closed-end fund’s stock after selling 11,469 shares during the quarter. Advisors Asset Management Inc.’s holdings in PIMCO California Municipal Income Fund II were worth $4,023,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PCK. City of London Investment Management Co. Ltd. lifted its stake in PIMCO California Municipal Income Fund II by 29.9% in the 2nd 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 during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of PIMCO California Municipal Income Fund II by 12.3% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 548,303 shares of the closed-end fund’s stock valued at $3,443,000 after buying an additional 60,054 shares during the last quarter. Cetera Advisors LLC bought a new position in shares of PIMCO California Municipal Income Fund II during the 1st quarter worth approximately $74,000. Almitas Capital LLC bought a new position in shares of PIMCO California Municipal Income Fund II during the 2nd quarter worth approximately $64,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of PIMCO California Municipal Income Fund II by 3.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 62,422 shares of the closed-end fund’s stock worth $365,000 after acquiring an additional 2,200 shares during the last quarter.

PIMCO California Municipal Income Fund II Stock Performance

PCK opened at $5.86 on Friday. The stock’s fifty day simple moving average is $6.08 and its 200 day simple moving average is $5.96. PIMCO California Municipal Income Fund II has a 1-year low of $5.51 and a 1-year high of $6.34.

PIMCO California Municipal Income Fund II Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be given a $0.0215 dividend. This represents a $0.26 annualized dividend and a dividend yield of 4.40%. The ex-dividend date is Tuesday, November 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.