PIMCO California Municipal Income Fund II (NYSE:PCK) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of PIMCO California Municipal Income Fund II (NYSE:PCK) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.82 and traded as low as $5.33. PIMCO California Municipal Income Fund II shares last traded at $5.35, with a volume of 73,049 shares.

PIMCO California Municipal Income Fund II Price Performance

The company’s 50-day moving average is $5.71 and its two-hundred day moving average is $5.82.

PIMCO California Municipal Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be issued a dividend of $0.0215 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.82%.

Hedge Funds Weigh In On PIMCO California Municipal Income Fund II

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Almitas Capital LLC bought a new stake in PIMCO California Municipal Income Fund II during the 4th quarter valued at $59,000. Sowell Financial Services LLC bought a new stake in shares of PIMCO California Municipal Income Fund II during the first quarter valued at about $60,000. Virtu Financial LLC bought a new stake in shares of PIMCO California Municipal Income Fund II during the fourth quarter valued at about $70,000. Citadel Advisors LLC acquired a new stake in PIMCO California Municipal Income Fund II in the fourth quarter worth about $75,000. Finally, Two Sigma Securities LLC bought a new position in PIMCO California Municipal Income Fund II in the 4th quarter valued at about $81,000.

About PIMCO California Municipal 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.