Thomas J. Herzfeld Advisors Inc. Boosts Stock Holdings in PIMCO California Municipal Income Fund II (NYSE:PCK)

Thomas J. Herzfeld Advisors Inc. lifted its position in shares of PIMCO California Municipal Income Fund II (NYSE:PCK) by 40.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,893 shares of the closed-end fund’s stock after acquiring an additional 37,625 shares during the period. Thomas J. Herzfeld Advisors Inc.’s holdings in PIMCO California Municipal Income Fund II were worth $749,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of PIMCO California Municipal Income Fund II in the 4th quarter worth $70,000. Morse Asset Management Inc purchased a new stake in shares of PIMCO California Municipal Income Fund II during the third quarter valued at $100,000. Abound Financial LLC bought a new stake in PIMCO California Municipal Income Fund II in the 4th quarter worth about $113,000. Silicon Valley Capital Partners purchased a new position in PIMCO California Municipal Income Fund II in the 4th quarter worth about $134,000. Finally, Blue Bell Private Wealth Management LLC lifted its stake in PIMCO California Municipal Income Fund II by 59.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 34,963 shares of the closed-end fund’s stock valued at $200,000 after acquiring an additional 13,033 shares during the period.

PIMCO California Municipal Income Fund II Stock Down 0.3 %

Shares of NYSE PCK opened at $5.66 on Tuesday. The firm’s 50-day moving average price is $5.80 and its 200-day moving average price is $5.90. PIMCO California Municipal Income Fund II has a 52-week low of $5.50 and a 52-week high of $6.34.

PIMCO California Municipal Income Fund II Cuts Dividend

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

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.