Silicon Valley Capital Partners Invests $134,000 in PIMCO California Municipal Income Fund II (NYSE:PCK)

Silicon Valley Capital Partners acquired a new position in PIMCO California Municipal Income Fund II (NYSE:PCK) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 23,404 shares of the closed-end fund’s stock, valued at approximately $134,000.

Several other institutional investors have also recently modified their holdings of the company. Morse Asset Management Inc acquired a new stake in PIMCO California Municipal Income Fund II in the third quarter valued at approximately $100,000. Rockefeller Capital Management L.P. acquired a new stake in PIMCO California Municipal Income Fund II in the third quarter valued at approximately $547,000. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in PIMCO California Municipal Income Fund II by 12.3% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 548,303 shares of the closed-end fund’s stock valued at $3,443,000 after purchasing an additional 60,054 shares during the period.

PIMCO California Municipal Income Fund II Price Performance

Shares of PCK opened at $5.85 on Monday. PIMCO California Municipal Income Fund II has a 12 month low of $5.50 and a 12 month high of $6.34. The stock’s 50 day moving average is $5.77 and its two-hundred day moving average is $5.94.

PIMCO California Municipal Income Fund II Cuts Dividend

The company 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 $0.0215 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend is Thursday, February 13th.

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.