19,708 Shares in PIMCO California Municipal Income Fund II (NYSE:PCK) Bought by Abound Financial LLC

Abound Financial LLC purchased a new position in PIMCO California Municipal Income Fund II (NYSE:PCK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,708 shares of the closed-end fund’s stock, valued at approximately $113,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PCK. Morse Asset Management Inc bought a new stake in PIMCO California Municipal Income Fund II in the third quarter worth $100,000. Silicon Valley Capital Partners bought a new stake in PIMCO California Municipal Income Fund II in the fourth quarter worth $134,000. Rockefeller Capital Management L.P. bought a new stake in PIMCO California Municipal Income Fund II in the third quarter worth $547,000. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in PIMCO California Municipal Income Fund II by 13.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 624,074 shares of the closed-end fund’s stock worth $3,570,000 after acquiring an additional 75,771 shares in the last quarter.

PIMCO California Municipal Income Fund II Price Performance

PIMCO California Municipal Income Fund II stock opened at $5.92 on Friday. The business’s fifty day simple moving average is $5.73 and its two-hundred day simple moving average is $5.93. PIMCO California Municipal Income Fund II has a 12 month low of $5.50 and a 12 month high of $6.34.

PIMCO California Municipal Income Fund II Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be issued a $0.0215 dividend. This represents a $0.26 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Thursday, February 13th.

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.