Stratos Wealth Partners LTD. Takes Position in Pimco CA Muni. Income Fund II (NYSE:PCK)
Stratos Wealth Partners LTD. acquired a new position in shares of Pimco CA Muni. Income Fund II (NYSE:PCK) during the second quarter, Holdings Channel reports. The institutional investor acquired 13,015 shares of the closed-end fund’s stock, valued at approximately $132,000.
Shares of Pimco CA Muni. Income Fund II (NYSE PCK) opened at 10.18 on Friday. Pimco CA Muni. Income Fund II has a 12-month low of $9.05 and a 12-month high of $10.85. The firm’s 50-day moving average price is $10.18 and its 200-day moving average price is $9.97.
The firm also recently announced a monthly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be given a dividend of $0.0473 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 5.58%.
Pimco CA Muni. Income Fund II Company Profile
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.
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