Hennion & Walsh Asset Management Inc. Buys 60,054 Shares of PIMCO California Municipal Income Fund II (NYSE:PCK)

Hennion & Walsh Asset Management Inc. raised its stake in shares of PIMCO California Municipal Income Fund II (NYSE:PCK) by 12.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 548,303 shares of the closed-end fund’s stock after acquiring an additional 60,054 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in PIMCO California Municipal Income Fund II were worth $3,443,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Matisse Capital raised its holdings in PIMCO California Municipal Income Fund II by 22.3% in the 1st quarter. Matisse Capital now owns 328,504 shares of the closed-end fund’s stock valued at $1,895,000 after acquiring an additional 59,921 shares in the last quarter. SageView Advisory Group LLC bought a new stake in shares of PIMCO California Municipal Income Fund II during the first quarter valued at approximately $59,000. City of London Investment Management Co. Ltd. acquired a new position in shares of PIMCO California Municipal Income Fund II in the first quarter valued at $1,189,000. Advisors Asset Management Inc. lifted its position in PIMCO California Municipal Income Fund II by 11.8% in the first quarter. Advisors Asset Management Inc. now owns 866,798 shares of the closed-end fund’s stock worth $5,001,000 after purchasing an additional 91,721 shares during the period. Finally, Cetera Advisors LLC bought a new position in PIMCO California Municipal Income Fund II in the first quarter worth $74,000.

PIMCO California Municipal Income Fund II Stock Performance

Shares of PCK stock opened at $6.00 on Friday. The firm has a fifty day moving average of $6.11 and a 200-day moving average of $5.92. PIMCO California Municipal Income Fund II has a 52-week low of $4.93 and a 52-week high of $6.34.

PIMCO California Municipal Income Fund II Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 11th will be given a $0.0215 dividend. This represents a $0.26 annualized dividend and a yield of 4.30%. The ex-dividend date is Friday, October 11th.

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.