Bank of New York Mellon Corp Buys New Holdings in PIMCO California Municipal Income Fund II (NYSE:PCK)

Bank of New York Mellon Corp purchased a new position in shares of PIMCO California Municipal Income Fund II (NYSE:PCK) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 128,613 shares of the closed-end fund’s stock, valued at approximately $736,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PCK. Rockefeller Capital Management L.P. acquired a new stake in shares of PIMCO California Municipal Income Fund II during the 3rd quarter valued at about $547,000. Hennion & Walsh Asset Management Inc. lifted its stake in PIMCO California Municipal Income Fund II by 13.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 624,074 shares of the closed-end fund’s stock worth $3,570,000 after purchasing an additional 75,771 shares during the period. Silicon Valley Capital Partners acquired a new stake in PIMCO California Municipal Income Fund II during the fourth quarter valued at approximately $134,000. Abound Financial LLC acquired a new stake in PIMCO California Municipal Income Fund II during the fourth quarter valued at approximately $113,000. Finally, Morse Asset Management Inc bought a new stake in shares of PIMCO California Municipal Income Fund II in the 3rd quarter valued at approximately $100,000.

PIMCO California Municipal Income Fund II Stock Performance

PIMCO California Municipal Income Fund II stock opened at $5.72 on Thursday. The business has a 50 day simple moving average of $5.80 and a 200 day simple moving average of $5.91. PIMCO California Municipal Income Fund II has a one year low of $5.50 and a one year high of $6.34.

PIMCO California Municipal Income Fund II Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.0215 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.51%.

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.