Pimco CA Muni. Income Fund II (NYSE:PCK) Shares Cross Below 50 Day Moving Average of $9.95

Pimco CA Muni. Income Fund II (NYSE:PCK) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $9.95 and traded as low as $9.77. Pimco CA Muni. Income Fund II shares last traded at $9.77, with a volume of 498 shares trading hands.

The stock has a 50 day simple moving average of $9.95 and a two-hundred day simple moving average of $9.80.

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be paid a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date is Friday, November 8th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC increased its holdings in shares of Pimco CA Muni. Income Fund II by 1,420.4% in the third quarter. FNY Investment Advisers LLC now owns 4,926 shares of the closed-end fund’s stock valued at $48,000 after purchasing an additional 4,602 shares during the period. NEXT Financial Group Inc acquired a new position in shares of Pimco CA Muni. Income Fund II in the second quarter valued at approximately $118,000. First Trust Advisors LP acquired a new position in shares of Pimco CA Muni. Income Fund II in the first quarter valued at approximately $119,000. Wedbush Securities Inc. increased its holdings in shares of Pimco CA Muni. Income Fund II by 1.9% in the second quarter. Wedbush Securities Inc. now owns 103,092 shares of the closed-end fund’s stock valued at $995,000 after purchasing an additional 1,880 shares during the period. Finally, Morgan Stanley increased its holdings in shares of Pimco CA Muni. Income Fund II by 22.1% in the second quarter. Morgan Stanley now owns 238,660 shares of the closed-end fund’s stock valued at $2,303,000 after purchasing an additional 43,200 shares during the period.

Pimco CA Muni. Income Fund II Company Profile (NYSE:PCK)

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.

Further Reading: What impact do institutional investors have on markets?

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