PIMCO California Municipal Income Fund II (PCK) to Issue Monthly Dividend of $0.02 on May 1st

PIMCO California Municipal Income Fund II (NYSE:PCK) declared a monthly dividend on Monday, April 1st, investing.com reports. Shareholders of record on Thursday, April 11th will be paid a dividend of 0.0215 per share by the closed-end fund on Wednesday, May 1st. This represents a $0.26 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date is Wednesday, April 10th.

PIMCO California Municipal Income Fund II Stock Down 0.5 %

Shares of PIMCO California Municipal Income Fund II stock opened at $5.64 on Monday. The business’s 50 day simple moving average is $5.80 and its two-hundred day simple moving average is $5.57. PIMCO California Municipal Income Fund II has a one year low of $4.85 and a one year high of $6.33.

Hedge Funds Weigh In On PIMCO California Municipal Income Fund II

Several hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. increased its stake in shares of PIMCO California Municipal Income Fund II by 9.2% during the first quarter. Advisors Asset Management Inc. now owns 675,731 shares of the closed-end fund’s stock valued at $4,190,000 after buying an additional 56,922 shares during the period. Morgan Stanley grew its stake in PIMCO California Municipal Income Fund II by 26.4% in the fourth quarter. Morgan Stanley now owns 535,097 shares of the closed-end fund’s stock worth $3,633,000 after purchasing an additional 111,604 shares during the period. Rivernorth Capital Management LLC purchased a new stake in PIMCO California Municipal Income Fund II in the first quarter worth $2,362,000. UBS Group AG grew its stake in PIMCO California Municipal Income Fund II by 15.5% in the fourth quarter. UBS Group AG now owns 243,679 shares of the closed-end fund’s stock worth $1,655,000 after purchasing an additional 32,742 shares during the period. Finally, Advisor Group Holdings Inc. grew its stake in PIMCO California Municipal Income Fund II by 37.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 123,000 shares of the closed-end fund’s stock worth $834,000 after purchasing an additional 33,500 shares during the period.

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.