Virtu Financial LLC Invests $70,000 in PIMCO California Municipal Income Fund II (NYSE:PCK)

Virtu Financial LLC bought a new stake in PIMCO California Municipal Income Fund II (NYSE:PCK) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 12,313 shares of the closed-end fund’s stock, valued at approximately $70,000.

Other large investors have also modified their holdings of the company. Morse Asset Management Inc bought a new position in PIMCO California Municipal Income Fund II during the 3rd quarter worth approximately $100,000. Abound Financial LLC acquired a new stake in shares of PIMCO California Municipal Income Fund II during the 4th quarter valued at approximately $113,000. Silicon Valley Capital Partners bought a new position in PIMCO California Municipal Income Fund II during the fourth quarter worth $134,000. Blue Bell Private Wealth Management LLC boosted its holdings in PIMCO California Municipal Income Fund II by 59.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 34,963 shares of the closed-end fund’s stock worth $200,000 after purchasing an additional 13,033 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in PIMCO California Municipal Income Fund II during the fourth quarter valued at $239,000.

PIMCO California Municipal Income Fund II Price Performance

Shares of NYSE:PCK opened at $5.66 on Tuesday. PIMCO California Municipal Income Fund II has a 1-year low of $5.50 and a 1-year high of $6.34. The company’s fifty day moving average is $5.80 and its two-hundred day moving average is $5.90.

PIMCO California Municipal Income Fund II Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be issued a $0.0215 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.26 dividend on an annualized basis and a yield of 4.56%.

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.