Pimco CA Muni. Income Fund II (NYSE:PCK) Stock Price Crosses Below 50 Day Moving Average of $9.94

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Shares of Pimco CA Muni. Income Fund II (NYSE:PCK) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.94 and traded as low as $9.53. Pimco CA Muni. Income Fund II shares last traded at $9.53, with a volume of 1,000 shares.

The firm has a fifty day simple moving average of $9.94 and a 200-day simple moving average of $9.47.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be issued a dividend of $0.035 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.42 annualized dividend and a yield of 4.41%.

A number of hedge funds have recently bought and sold shares of PCK. NEXT Financial Group Inc purchased a new stake in Pimco CA Muni. Income Fund II during the 2nd quarter worth approximately $118,000. First Trust Advisors LP purchased a new stake in Pimco CA Muni. Income Fund II during the 1st quarter worth approximately $119,000. Cambridge Investment Research Advisors Inc. increased its holdings in Pimco CA Muni. Income Fund II by 2.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 85,179 shares of the closed-end fund’s stock worth $768,000 after purchasing an additional 2,124 shares during the last quarter. Wedbush Securities Inc. increased its holdings in Pimco CA Muni. Income Fund II by 1.9% during the 2nd quarter. Wedbush Securities Inc. now owns 103,092 shares of the closed-end fund’s stock worth $995,000 after purchasing an additional 1,880 shares during the last quarter. Finally, Morgan Stanley increased its holdings in Pimco CA Muni. Income Fund II by 22.1% during the 2nd quarter. Morgan Stanley now owns 238,660 shares of the closed-end fund’s stock worth $2,303,000 after purchasing an additional 43,200 shares during the last quarter.

About Pimco CA Muni. Income Fund II (NYSE:PCK)

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.

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