PIMCO California Municipal Income Fund II (NYSE:PCK) Shares Pass Below Fifty Day Moving Average – What’s Next?

PIMCO California Municipal Income Fund II (NYSE:PCK)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $6.11 and traded as low as $5.94. PIMCO California Municipal Income Fund II shares last traded at $5.96, with a volume of 104,334 shares traded.

PIMCO California Municipal Income Fund II Stock Up 0.1 %

The stock has a fifty day moving average of $6.11 and a 200-day moving average of $5.94.

PIMCO California Municipal Income Fund II Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be paid a $0.0215 dividend. The ex-dividend date of this dividend is Tuesday, November 12th.

Institutional Trading of PIMCO California Municipal Income Fund II

Large investors have recently made changes to their positions in the company. Advisors Asset Management Inc. grew its holdings in PIMCO California Municipal Income Fund II by 11.8% during the 1st quarter. Advisors Asset Management Inc. now owns 866,798 shares of the closed-end fund’s stock worth $5,001,000 after acquiring an additional 91,721 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of PIMCO California Municipal Income Fund II by 12.3% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 548,303 shares of the closed-end fund’s stock worth $3,443,000 after purchasing an additional 60,054 shares during the last quarter. City of London Investment Management Co. Ltd. grew its stake in shares of PIMCO California Municipal Income Fund II by 29.9% during the second quarter. City of London Investment Management Co. Ltd. now owns 267,495 shares of the closed-end fund’s stock worth $1,565,000 after purchasing an additional 61,501 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in PIMCO California Municipal Income Fund II by 3.7% in the second quarter. Commonwealth Equity Services LLC now owns 62,422 shares of the closed-end fund’s stock valued at $365,000 after buying an additional 2,200 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new stake in PIMCO California Municipal Income Fund II in the first quarter valued at $74,000.

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.