Tortoise Investment Management LLC Has $83,000 Position in PIMCO California Municipal Income Fund II (NYSE:PCK)

Tortoise Investment Management LLC lifted its holdings in shares of PIMCO California Municipal Income Fund II (NYSE:PCKFree Report) by 218.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,310 shares of the closed-end fund’s stock after purchasing an additional 9,810 shares during the period. Tortoise Investment Management LLC’s holdings in PIMCO California Municipal Income Fund II were worth $83,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PCK. Fiera Capital Corp bought a new stake in PIMCO California Municipal Income Fund II during the 4th quarter worth about $3,805,000. Matisse Capital raised its position in PIMCO California Municipal Income Fund II by 1,442.9% in the 4th quarter. Matisse Capital now owns 268,583 shares of the closed-end fund’s stock worth $1,558,000 after purchasing an additional 251,175 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new position in PIMCO California Municipal Income Fund II in the 4th quarter worth approximately $1,377,000. Williams & Novak LLC acquired a new position in PIMCO California Municipal Income Fund II during the 4th quarter worth $1,382,000. Finally, Ackerman Capital Advisors LLC boosted its position in PIMCO California Municipal Income Fund II by 33.2% in the 4th quarter. Ackerman Capital Advisors LLC now owns 254,763 shares of the closed-end fund’s stock valued at $1,478,000 after buying an additional 63,552 shares during the last quarter.

PIMCO California Municipal Income Fund II Trading Down 0.2 %

Shares of PCK stock traded down $0.01 on Friday, reaching $5.82. 52,654 shares of the stock were exchanged, compared to its average volume of 70,748. PIMCO California Municipal Income Fund II has a one year low of $4.85 and a one year high of $6.07. The stock has a 50 day moving average price of $5.74 and a 200 day moving average price of $5.71.

PIMCO California Municipal Income Fund II Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be given a dividend of $0.022 per share. The ex-dividend date is Friday, May 10th. This is an increase from PIMCO California Municipal Income Fund II’s previous monthly dividend of $0.02. This represents a $0.26 dividend on an annualized basis and a yield of 4.54%.

PIMCO California Municipal Income Fund II Profile

(Free Report)

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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Institutional Ownership by Quarter for PIMCO California Municipal Income Fund II (NYSE:PCK)

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