November 17, 2016 - By Adrian Mccoy · 0 Comments
Pimco California Municipal Income Fund II (NYSE:PCK) institutional sentiment decreased to 1.43 in 2016 Q2. Its down -1.32, from 2.75 in 2016Q1. The ratio worsened, as 10 funds increased or opened new positions, while 7 cut down and sold their holdings in Pimco California Municipal Income Fund II. The funds in our partner’s database now have: 1.08 million shares, down from 1.18 million shares in 2016Q1. Also, the number of funds holding Pimco California Municipal Income Fund II in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 4 Increased: 7 New Position: 3.
PIMCO California Municipal Income Fund II is a non-diversified, closed-end management investment company. The company has a market cap of $306.37 million. The Fund’s investment objective is to seek current income exempt from federal and California income tax. It currently has negative earnings. The Fund invests approximately 90% of its net assets in municipal bonds that pay interest that is exempt from federal and California income tax.
The stock decreased 0.95% or $0.09 on November 16, hitting $9.4. Pimco CA Muni. Income Fund II (NYSE:PCK) has declined 11.82% since April 15, 2016 and is downtrending. It has underperformed by 16.44% the S&P500.
Fort Point Capital Partners Llc holds 0.07% of its portfolio in Pimco CA Muni. Income Fund II for 12,354 shares. Guggenheim Capital Llc owns 521,886 shares or 0.02% of their US portfolio. Moreover, Destination Wealth Management has 0.01% invested in the company for 16,000 shares. The Florida-based Ladenburg Thalmann Financial Services Inc has invested 0.01% in the stock. Lpl Financial Llc, a California-based fund reported 104,046 shares.#img1#
More recent Pimco CA Muni. Income Fund II (NYSE:PCK) news were published by: Nasdaq.com which released: “Pimco California Municipal Income Fund II (PCK) Ex-Dividend Date Scheduled for …” on May 09, 2016. Also Businesswire.com published the news titled: “PMF, PCQ, PNF, PML, PCK, PNI, PMX, PZC and PYN Declare Monthly Common Share …” on April 01, 2014. Seekingalpha.com‘s news article titled: “In Search Of Income: Municipal Bond CEFs (Part II)” with publication date: January 20, 2015 was also an interesting one.
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By Adrian Mccoy