PIMCO California Municipal Income Fund II (NYSE:PCK) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC reduced its position in PIMCO California Municipal Income Fund II (NYSE:PCK) by 9.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 119,282 shares of the closed-end fund’s stock after selling 12,037 shares during the quarter. Wolverine Asset Management LLC’s holdings in PIMCO California Municipal Income Fund II were worth $682,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of PCK. Silicon Valley Capital Partners acquired a new position in shares of PIMCO California Municipal Income Fund II during the 4th quarter worth $134,000. Hennion & Walsh Asset Management Inc. grew its stake in shares of PIMCO California Municipal Income Fund II by 13.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 624,074 shares of the closed-end fund’s stock worth $3,570,000 after purchasing an additional 75,771 shares during the period. Morse Asset Management Inc acquired a new position in shares of PIMCO California Municipal Income Fund II during the 3rd quarter worth $100,000. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of PIMCO California Municipal Income Fund II during the 3rd quarter worth $547,000.

PIMCO California Municipal Income Fund II Stock Up 0.3 %

NYSE:PCK opened at $5.92 on Friday. PIMCO California Municipal Income Fund II has a fifty-two week low of $5.50 and a fifty-two week high of $6.34. The firm’s fifty day simple moving average is $5.73 and its 200-day simple moving average is $5.93.

PIMCO California Municipal Income Fund II Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th will be paid a dividend of $0.0215 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.36%.

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.