Thomas J. Herzfeld Advisors Inc. Boosts Holdings in PIMCO California Municipal Income Fund II (NYSE:PCK)

Thomas J. Herzfeld Advisors Inc. lifted its stake in shares of PIMCO California Municipal Income Fund II (NYSE:PCK) by 40.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 130,893 shares of the closed-end fund’s stock after buying an additional 37,625 shares during the quarter. Thomas J. Herzfeld Advisors Inc.’s holdings in PIMCO California Municipal Income Fund II were worth $749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Rockefeller Capital Management L.P. bought a new stake in PIMCO California Municipal Income Fund II during the 3rd quarter valued at approximately $547,000. Morse Asset Management Inc purchased a new position in shares of PIMCO California Municipal Income Fund II in the 3rd quarter valued at approximately $100,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of PIMCO California Municipal Income Fund II by 13.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 624,074 shares of the closed-end fund’s stock valued at $3,570,000 after purchasing an additional 75,771 shares in the last quarter. Silicon Valley Capital Partners purchased a new stake in PIMCO California Municipal Income Fund II in the fourth quarter worth $134,000. Finally, Abound Financial LLC bought a new position in PIMCO California Municipal Income Fund II in the fourth quarter worth $113,000.

PIMCO California Municipal Income Fund II Price Performance

Shares of PIMCO California Municipal Income Fund II stock opened at $5.66 on Tuesday. PIMCO California Municipal Income Fund II has a 12 month low of $5.50 and a 12 month high of $6.34. The business has a fifty day simple moving average of $5.80 and a two-hundred day simple moving average of $5.90.

PIMCO California Municipal Income Fund II Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be given a dividend of $0.0215 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.26 dividend on an annualized basis and a yield of 4.56%.

PIMCO California Municipal Income Fund II Company 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.