Wedbush Securities Inc. lifted its stake in shares of Pimco CA Muni. Income Fund II (NYSE:PCK) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 103,092 shares of the closed-end fund’s stock after acquiring an additional 1,880 shares during the quarter. Wedbush Securities Inc.’s holdings in Pimco CA Muni. Income Fund II were worth $995,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in PCK. First Trust Advisors LP bought a new position in shares of Pimco CA Muni. Income Fund II during the 1st quarter valued at approximately $119,000. NEXT Financial Group Inc bought a new position in Pimco CA Muni. Income Fund II in the 2nd quarter worth approximately $118,000. Lindbrook Capital LLC boosted its stake in Pimco CA Muni. Income Fund II by 100.0% in the 1st quarter. Lindbrook Capital LLC now owns 6,000 shares of the closed-end fund’s stock worth $54,000 after purchasing an additional 3,000 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Pimco CA Muni. Income Fund II by 2.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 85,179 shares of the closed-end fund’s stock worth $768,000 after purchasing an additional 2,124 shares during the period.
PCK stock traded down $0.02 during midday trading on Thursday, hitting $10.25. The company’s stock had a trading volume of 4,671 shares, compared to its average volume of 57,761. Pimco CA Muni. Income Fund II has a 12 month low of $7.55 and a 12 month high of $10.31. The business has a 50 day moving average price of $9.96.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th will be paid a $0.035 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.42 annualized dividend and a yield of 4.10%.
Pimco CA Muni. 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.
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