PIMCO California Municipal Income Fund II (NYSE:PCK) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

PIMCO California Municipal Income Fund II (NYSE:PCK) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $6.11 and traded as low as $5.94. PIMCO California Municipal Income Fund II shares last traded at $5.96, with a volume of 104,334 shares changing hands.

PIMCO California Municipal Income Fund II Stock Performance

The business’s 50 day moving average price is $6.11 and its 200 day moving average price is $5.94.

PIMCO California Municipal Income Fund II Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be given a $0.0215 dividend. The ex-dividend date of this dividend is Tuesday, November 12th.

Institutional Trading of PIMCO California Municipal Income Fund II

Several large investors have recently made changes to their positions in the company. SageView Advisory Group LLC purchased a new stake in shares of PIMCO California Municipal Income Fund II during the first quarter worth $59,000. Almitas Capital LLC purchased a new stake in PIMCO California Municipal Income Fund II during the 2nd quarter valued at about $64,000. Cetera Advisors LLC acquired a new stake in PIMCO California Municipal Income Fund II in the 1st quarter valued at about $74,000. Commonwealth Equity Services LLC lifted its stake in PIMCO California Municipal Income Fund II by 3.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 62,422 shares of the closed-end fund’s stock worth $365,000 after purchasing an additional 2,200 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. acquired a new position in shares of PIMCO California Municipal Income Fund II during the 1st quarter worth approximately $1,189,000.

PIMCO California Municipal Income Fund II Company 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.