Abound Financial LLC Makes New $113,000 Investment in PIMCO California Municipal Income Fund II (NYSE:PCK)

Abound Financial LLC purchased a new position in PIMCO California Municipal Income Fund II (NYSE:PCK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 19,708 shares of the closed-end fund’s stock, valued at approximately $113,000.

Other large investors have also bought and sold shares of the company. Morse Asset Management Inc purchased a new position in shares of PIMCO California Municipal Income Fund II during the third quarter valued at approximately $100,000. Silicon Valley Capital Partners purchased a new position in shares of PIMCO California Municipal Income Fund II during the fourth quarter valued at approximately $134,000. Hennion & Walsh Asset Management Inc. increased its stake in shares of 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 valued at $3,570,000 after buying an additional 75,771 shares during the period. Finally, Rockefeller Capital Management L.P. purchased a new position in shares of PIMCO California Municipal Income Fund II during the third quarter valued at approximately $547,000.

PIMCO California Municipal Income Fund II Price Performance

PCK opened at $5.92 on Friday. PIMCO California Municipal Income Fund II has a 52-week low of $5.50 and a 52-week high of $6.34. The stock’s 50 day moving average price is $5.73 and its 200-day moving average price is $5.93.

PIMCO California Municipal Income Fund II Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be paid a $0.0215 dividend. The ex-dividend date is Thursday, February 13th. This represents a $0.26 annualized dividend and a yield of 4.36%.

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.