Hennion & Walsh Asset Management Inc. Purchases 60,054 Shares of PIMCO California Municipal Income Fund II (NYSE:PCK)

Hennion & Walsh Asset Management Inc. boosted its holdings in shares of PIMCO California Municipal Income Fund II (NYSE:PCK) by 12.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 548,303 shares of the closed-end fund’s stock after acquiring an additional 60,054 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in PIMCO California Municipal Income Fund II were worth $3,443,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in shares of 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 valued at $5,001,000 after purchasing an additional 91,721 shares in the last quarter. Matisse Capital raised its holdings in PIMCO California Municipal Income Fund II by 22.3% during the first quarter. Matisse Capital now owns 328,504 shares of the closed-end fund’s stock valued at $1,895,000 after buying an additional 59,921 shares in the last quarter. City of London Investment Management Co. Ltd. lifted its position in shares of PIMCO California Municipal Income Fund II by 29.9% in 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 buying an additional 61,501 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of PIMCO California Municipal Income Fund II by 3.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 62,422 shares of the closed-end fund’s stock worth $365,000 after acquiring an additional 2,200 shares in the last quarter. Finally, Cetera Advisors LLC bought a new stake in shares of PIMCO California Municipal Income Fund II during the 1st quarter worth about $74,000.

PIMCO California Municipal Income Fund II Trading Down 0.5 %

NYSE:PCK opened at $6.00 on Friday. PIMCO California Municipal Income Fund II has a 1 year low of $4.93 and a 1 year high of $6.34. The firm’s fifty day simple moving average is $6.11 and its 200 day simple moving average is $5.92.

PIMCO California Municipal Income Fund II Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 11th will be given a $0.0215 dividend. This represents a $0.26 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Friday, October 11th.

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.