Guggenheim Capital LLC Has $1.61 Million Stake in Pimco CA Muni. Income Fund II (PCK)

Guggenheim Capital LLC cut its position in Pimco CA Muni. Income Fund II (NYSE:PCK) by 11.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 195,288 shares of the closed-end fund’s stock after selling 25,744 shares during the period. Guggenheim Capital LLC owned about 0.61% of Pimco CA Muni. Income Fund II worth $1,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in PCK. UBS Group AG boosted its position in shares of Pimco CA Muni. Income Fund II by 533.3% during the first quarter. UBS Group AG now owns 61,312 shares of the closed-end fund’s stock worth $505,000 after acquiring an additional 51,630 shares during the last quarter. RMB Capital Management LLC bought a new position in shares of Pimco CA Muni. Income Fund II during the first quarter worth $144,000. SG Americas Securities LLC bought a new position in shares of Pimco CA Muni. Income Fund II during the first quarter worth $1,083,000. Finally, Wedbush Securities Inc. bought a new position in shares of Pimco CA Muni. Income Fund II during the first quarter worth $134,000.

Shares of Pimco CA Muni. Income Fund II opened at $8.32 on Friday, MarketBeat.com reports. Pimco CA Muni. Income Fund II has a fifty-two week low of $8.01 and a fifty-two week high of $10.42.

The business also recently announced a monthly dividend, which will be paid on Wednesday, August 1st. Investors of record on Friday, July 13th will be given a dividend of $0.035 per share. The ex-dividend date is Thursday, July 12th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 5.05%.

About Pimco CA Muni. Income Fund II

PIMCO California Municipal Income Fund II (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal and California income tax. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal and California income tax.

Featured Story: How Short Selling Works

Want to see what other hedge funds are holding PCK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pimco CA Muni. Income Fund II (NYSE:PCK).

Institutional Ownership by Quarter for Pimco CA Muni. Income Fund II (NYSE:PCK)

Receive News & Ratings for Pimco CA Muni. Income Fund II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pimco CA Muni. Income Fund II and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply