FNY Investment Advisers LLC Buys 4,602 Shares of Pimco CA Muni. Income Fund II (NYSE:PCK)

FNY Investment Advisers LLC grew its stake in Pimco CA Muni. Income Fund II (NYSE:PCK) by 1,420.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,926 shares of the closed-end fund’s stock after acquiring an additional 4,602 shares during the period. FNY Investment Advisers LLC’s holdings in Pimco CA Muni. Income Fund II were worth $48,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of PCK. Morgan Stanley grew its stake in Pimco CA Muni. Income Fund II by 22.1% in the 2nd quarter. Morgan Stanley now owns 238,660 shares of the closed-end fund’s stock worth $2,303,000 after acquiring an additional 43,200 shares in the last quarter. Invesco Ltd. grew its stake in Pimco CA Muni. Income Fund II by 17.4% in the 2nd quarter. Invesco Ltd. now owns 242,936 shares of the closed-end fund’s stock worth $2,344,000 after acquiring an additional 35,969 shares in the last quarter. First Trust Advisors LP bought a new position in Pimco CA Muni. Income Fund II in the 1st quarter worth about $119,000. NEXT Financial Group Inc bought a new position in Pimco CA Muni. Income Fund II in the 2nd quarter worth about $118,000. Finally, Wedbush Securities Inc. grew its stake in Pimco CA Muni. Income Fund II by 1.9% in the 2nd quarter. Wedbush Securities Inc. now owns 103,092 shares of the closed-end fund’s stock worth $995,000 after acquiring an additional 1,880 shares in the last quarter.

Shares of PCK stock opened at $9.75 on Tuesday. The company’s 50-day simple moving average is $9.88 and its two-hundred day simple moving average is $9.68. Pimco CA Muni. Income Fund II has a one year low of $7.55 and a one year high of $10.37.

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 11th will be paid a $0.035 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.42 dividend on an annualized basis and a yield of 4.31%.

About Pimco CA Muni. Income Fund II

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 CA Muni. Income Fund II (NYSE:PCK)

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