Riverbridge Partners LLC Sells 2,038 Shares of PIMCO California Municipal Income Fund II (NYSE:PCK)

Riverbridge Partners LLC reduced its stake in PIMCO California Municipal Income Fund II (NYSE:PCK) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,654 shares of the closed-end fund’s stock after selling 2,038 shares during the period. Riverbridge Partners LLC’s holdings in PIMCO California Municipal Income Fund II were worth $650,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. boosted its stake in PIMCO California Municipal Income Fund II by 13.8% in 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 in the last quarter. Rockefeller Capital Management L.P. purchased a new position in PIMCO California Municipal Income Fund II in the third quarter worth about $547,000. Morse Asset Management Inc purchased a new stake in shares of PIMCO California Municipal Income Fund II during the third quarter valued at approximately $100,000. Finally, Almitas Capital LLC bought a new stake in shares of PIMCO California Municipal Income Fund II during the second quarter valued at approximately $64,000.

PIMCO California Municipal Income Fund II Stock Down 0.4 %

PCK stock opened at $5.66 on Friday. The stock’s 50 day simple moving average is $5.80 and its 200 day simple moving average is $5.95. PIMCO California Municipal Income Fund II has a 12-month low of $5.50 and a 12-month high of $6.34.

PIMCO California Municipal Income Fund II Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be given a dividend of $0.0215 per share. The ex-dividend date is Monday, January 13th. This represents a $0.26 annualized dividend and a dividend yield of 4.56%.

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.