PIMCO California Municipal Income Fund II (NYSE:PCK) Share Price Passes Above 50 Day Moving Average – Time to Sell?

PIMCO California Municipal Income Fund II (NYSE:PCK) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $5.74 and traded as high as $5.82. PIMCO California Municipal Income Fund II shares last traded at $5.81, with a volume of 51,320 shares trading hands.

PIMCO California Municipal Income Fund II Stock Up 1.3 %

The stock has a 50 day simple moving average of $5.74 and a 200-day simple moving average of $5.93.

PIMCO California Municipal Income Fund II Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be given a $0.0215 dividend. This represents a $0.26 annualized dividend and a yield of 4.44%. The ex-dividend date is Thursday, February 13th.

Institutional Trading of PIMCO California Municipal Income Fund II

Several hedge funds have recently made changes to their positions in the business. Morse Asset Management Inc increased its holdings in PIMCO California Municipal Income Fund II by 52.5% during the 4th quarter. Morse Asset Management Inc now owns 24,401 shares of the closed-end fund’s stock worth $140,000 after purchasing an additional 8,399 shares during the period. Almitas Capital LLC bought a new stake in shares of PIMCO California Municipal Income Fund II in the 4th quarter valued at about $59,000. Virtu Financial LLC purchased a new stake in shares of PIMCO California Municipal Income Fund II in the 4th quarter worth approximately $70,000. Blue Bell Private Wealth Management LLC boosted its stake in shares of PIMCO California Municipal Income Fund II by 59.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 34,963 shares of the closed-end fund’s stock valued at $200,000 after purchasing an additional 13,033 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in PIMCO California Municipal Income Fund II during the fourth quarter valued at approximately $75,000.

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.