Evoke Wealth LLC Cuts Holdings in PIMCO California Municipal Income Fund II (NYSE:PCK)

Evoke Wealth LLC decreased its stake in PIMCO California Municipal Income Fund II (NYSE:PCK) by 67.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,000 shares of the closed-end fund’s stock after selling 60,973 shares during the period. Evoke Wealth LLC’s holdings in PIMCO California Municipal Income Fund II were worth $176,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in PCK. D.A. Davidson & CO. increased its stake in PIMCO California Municipal Income Fund II by 21.7% in the fourth quarter. D.A. Davidson & CO. now owns 12,553 shares of the closed-end fund’s stock valued at $73,000 after acquiring an additional 2,238 shares during the last quarter. Tortoise Investment Management LLC boosted its holdings in shares of PIMCO California Municipal Income Fund II by 218.0% in the 4th quarter. Tortoise Investment Management LLC now owns 14,310 shares of the closed-end fund’s stock worth $83,000 after purchasing an additional 9,810 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of PIMCO California Municipal Income Fund II during the 4th quarter valued at about $81,000. Matisse Capital raised its holdings in shares of PIMCO California Municipal Income Fund II by 22.3% during the 1st 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. Finally, SageView Advisory Group LLC bought a new stake in PIMCO California Municipal Income Fund II in the 1st quarter worth approximately $59,000.

PIMCO California Municipal Income Fund II Stock Down 0.3 %

Shares of PCK opened at $6.21 on Friday. PIMCO California Municipal Income Fund II has a 1 year low of $4.85 and a 1 year high of $6.23. The stock has a 50 day simple moving average of $5.99 and a two-hundred day simple moving average of $5.86.

PIMCO California Municipal Income Fund II Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a $0.0215 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.16%.

PIMCO California Municipal Income Fund II 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.