Wolverine Asset Management LLC trimmed its stake in shares of PIMCO California Municipal Income Fund II (NYSE:PCK – Free Report) by 9.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,294 shares of the closed-end fund’s stock after selling 11,754 shares during the quarter. Wolverine Asset Management LLC’s holdings in PIMCO California Municipal Income Fund II were worth $628,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Williams & Novak LLC acquired a new stake in PIMCO California Municipal Income Fund II during the fourth quarter valued at approximately $1,382,000. Ackerman Capital Advisors LLC boosted its holdings in shares of PIMCO California Municipal Income Fund II by 33.2% in the 4th quarter. Ackerman Capital Advisors LLC now owns 254,763 shares of the closed-end fund’s stock worth $1,478,000 after acquiring an additional 63,552 shares in the last quarter. Simon Quick Advisors LLC acquired a new position in shares of PIMCO California Municipal Income Fund II in the 4th quarter worth approximately $84,000. Raymond James & Associates boosted its holdings in shares of PIMCO California Municipal Income Fund II by 5.3% in the 4th quarter. Raymond James & Associates now owns 39,500 shares of the closed-end fund’s stock worth $229,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Moody National Bank Trust Division acquired a new position in shares of PIMCO California Municipal Income Fund II in the 4th quarter worth approximately $74,000.
PIMCO California Municipal Income Fund II Price Performance
Shares of PCK opened at $5.71 on Friday. PIMCO California Municipal Income Fund II has a one year low of $4.85 and a one year high of $6.25. The business’s 50 day simple moving average is $5.76 and its 200-day simple moving average is $5.62.
PIMCO California Municipal Income Fund II Cuts Dividend
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.
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