PIMCO California Municipal Income Fund II (NYSE:PCK) Shares Cross Below 200 Day Moving Average of $6.81

Shares of PIMCO California Municipal Income Fund II (NYSE:PCK – Get Rating) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.81 and traded as low as $6.47. PIMCO California Municipal Income Fund II shares last traded at $6.47, with a volume of 101,497 shares.

PIMCO California Municipal Income Fund II Stock Down 0.2 %

The stock has a fifty day simple moving average of $6.76 and a two-hundred day simple moving average of $6.81.

PIMCO California Municipal Income Fund II Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Friday, January 13th will be issued a $0.0215 dividend. The ex-dividend date is Thursday, January 12th. This represents a $0.26 dividend on an annualized basis and a yield of 3.99%.

Institutional Investors Weigh In On PIMCO California Municipal Income Fund II

Hedge funds have recently added to or reduced their stakes in the business. Woodward Diversified Capital LLC bought a new stake in PIMCO California Municipal Income Fund II in the second quarter worth approximately $69,000. AlphaCentric Advisors LLC bought a new stake in PIMCO California Municipal Income Fund II in the third quarter worth approximately $90,000. Sowell Financial Services LLC bought a new stake in shares of PIMCO California Municipal Income Fund II during the first quarter valued at approximately $201,000. Royal Bank of Canada increased its holdings in shares of PIMCO California Municipal Income Fund II by 253.0% during the third quarter. Royal Bank of Canada now owns 31,450 shares of the closed-end fund’s stock valued at $201,000 after acquiring an additional 22,540 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of PIMCO California Municipal Income Fund II by 115.4% during the second quarter. Commonwealth Equity Services LLC now owns 40,122 shares of the closed-end fund’s stock valued at $275,000 after acquiring an additional 21,493 shares in the last quarter.

About PIMCO California Municipal Income Fund II

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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.