Noble Wealth Management PBC Invests $337,000 in PIMCO California Municipal Income Fund II (NYSE:PCK)

Noble Wealth Management PBC bought a new position in PIMCO California Municipal Income Fund II (NYSE:PCK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 58,990 shares of the closed-end fund’s stock, valued at approximately $337,000.

Several other large investors have also recently bought and sold shares of PCK. Morse Asset Management Inc acquired a new position in PIMCO California Municipal Income Fund II during the 3rd quarter worth $100,000. Abound Financial LLC acquired a new position in PIMCO California Municipal Income Fund II during the 4th quarter worth $113,000. Silicon Valley Capital Partners acquired a new position in PIMCO California Municipal Income Fund II during the 4th quarter worth $134,000. Rockefeller Capital Management L.P. acquired a new position in PIMCO California Municipal Income Fund II during the 3rd quarter worth $547,000. Finally, Bank of New York Mellon Corp acquired a new position in PIMCO California Municipal Income Fund II during the 4th quarter worth $736,000.

PIMCO California Municipal Income Fund II Stock Down 0.1 %

NYSE:PCK opened at $5.97 on Friday. The stock’s fifty day moving average price is $5.75 and its two-hundred day moving average price is $5.93. PIMCO California Municipal Income Fund II has a 52-week low of $5.50 and a 52-week high of $6.34.

PIMCO California Municipal Income Fund II Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.0215 per share. This represents a $0.26 annualized dividend and a yield of 4.33%. 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.