Hennion & Walsh Asset Management Inc. Boosts Stake in PIMCO California Municipal Income Fund II (NYSE:PCK)

Hennion & Walsh Asset Management Inc. lifted its holdings in shares of PIMCO California Municipal Income Fund II (NYSE:PCK) by 13.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 624,074 shares of the closed-end fund’s stock after acquiring an additional 75,771 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in PIMCO California Municipal Income Fund II were worth $3,570,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PCK. Rockefeller Capital Management L.P. acquired a new stake in PIMCO California Municipal Income Fund II during the 3rd quarter valued at approximately $547,000. Commonwealth Equity Services LLC grew its position in shares of PIMCO California Municipal Income Fund II by 3.7% during the second quarter. Commonwealth Equity Services LLC now owns 62,422 shares of the closed-end fund’s stock worth $365,000 after buying an additional 2,200 shares in the last quarter. Morse Asset Management Inc bought a new stake in shares of PIMCO California Municipal Income Fund II in the third quarter worth $100,000. Finally, Almitas Capital LLC acquired a new stake in PIMCO California Municipal Income Fund II in the second quarter valued at $64,000.

PIMCO California Municipal Income Fund II Price Performance

Shares of PCK stock opened at $5.63 on Friday. The firm has a fifty day moving average of $5.83 and a two-hundred day moving average of $5.95. PIMCO California Municipal Income Fund II has a 1-year low of $5.50 and a 1-year high of $6.34.

PIMCO California Municipal Income Fund II Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be paid a $0.0215 dividend. The ex-dividend date is Monday, January 13th. This represents a $0.26 dividend on an annualized basis and a yield of 4.59%.

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.