Morse Asset Management Inc Acquires 8,399 Shares of PIMCO California Municipal Income Fund II (NYSE:PCK)

Morse Asset Management Inc grew its stake in shares of PIMCO California Municipal Income Fund II (NYSE:PCK) by 52.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,401 shares of the closed-end fund’s stock after buying an additional 8,399 shares during the period. Morse Asset Management Inc’s holdings in PIMCO California Municipal Income Fund II were worth $140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Almitas Capital LLC purchased a new position in PIMCO California Municipal Income Fund II during the fourth quarter valued at $59,000. Virtu Financial LLC purchased a new position in shares of PIMCO California Municipal Income Fund II during the fourth quarter valued at about $70,000. Citadel Advisors LLC bought a new stake in shares of PIMCO California Municipal Income Fund II in the fourth quarter worth about $75,000. Two Sigma Securities LLC bought a new stake in shares of PIMCO California Municipal Income Fund II in the fourth quarter worth about $81,000. Finally, Abound Financial LLC purchased a new stake in shares of PIMCO California Municipal Income Fund II in the fourth quarter worth about $113,000.

PIMCO California Municipal Income Fund II Price Performance

Shares of PIMCO California Municipal Income Fund II stock opened at $5.50 on Wednesday. The stock has a 50 day moving average of $5.59 and a 200 day moving average of $5.75. PIMCO California Municipal Income Fund II has a 12 month low of $5.18 and a 12 month high of $6.34.

PIMCO California Municipal Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be given a $0.0215 dividend. This represents a $0.26 annualized dividend and a yield of 4.69%. The ex-dividend date is Monday, May 12th.

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.