Landscape Capital Management L.L.C. Reduces Holdings in PIMCO California Municipal Income Fund II (NYSE:PCK)

Landscape Capital Management L.L.C. reduced its stake in shares of PIMCO California Municipal Income Fund II (NYSE:PCK) by 46.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,555 shares of the closed-end fund’s stock after selling 36,936 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in PIMCO California Municipal Income Fund II were worth $267,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cetera Advisors LLC acquired a new stake in shares of PIMCO California Municipal Income Fund II during the first quarter worth about $74,000. Hennion & Walsh Asset Management Inc. increased its position in PIMCO California Municipal Income Fund II by 4.9% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 488,249 shares of the closed-end fund’s stock worth $2,856,000 after buying an additional 22,982 shares during the period. Almitas Capital LLC purchased a new stake in PIMCO California Municipal Income Fund II in the second quarter valued at approximately $64,000. Commonwealth Equity Services LLC boosted its holdings in shares of PIMCO California Municipal Income Fund II by 3.7% in the second quarter. Commonwealth Equity Services LLC now owns 62,422 shares of the closed-end fund’s stock valued at $365,000 after acquiring an additional 2,200 shares during the period. Finally, City of London Investment Management Co. Ltd. grew its position in shares of PIMCO California Municipal Income Fund II by 29.9% during the second quarter. City of London Investment Management Co. Ltd. now owns 267,495 shares of the closed-end fund’s stock worth $1,565,000 after acquiring an additional 61,501 shares during the last quarter.

PIMCO California Municipal Income Fund II Trading Down 0.2 %

PCK stock opened at $5.85 on Monday. The company has a fifty day moving average price of $6.07 and a 200 day moving average price of $5.96. PIMCO California Municipal Income Fund II has a 12 month low of $5.51 and a 12 month high of $6.34.

PIMCO California Municipal Income Fund II Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be issued a $0.0215 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.41%.

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.