Institutional Investors Lead Shift in Pimco California Municipal Income Fund II (NYSE:PCK) Sentiment

June 19, 2017 - By Darrin Black

 Institutional Investors Lead Shift in Pimco California Municipal Income Fund II (NYSE:PCK) Sentiment

Sentiment for Pimco California Municipal Income Fund II (NYSE:PCK)

Pimco California Municipal Income Fund II (NYSE:PCK) institutional sentiment decreased to 1.43 in 2016 Q4. Its down -0.14, from 1.57 in 2016Q3. The ratio has dropped, as 10 investment managers increased or opened new holdings, while 7 decreased and sold positions in Pimco California Municipal Income Fund II. The investment managers in our partner’s database now possess: 1.25 million shares, up from 1.19 million shares in 2016Q3. Also, the number of investment managers holding Pimco California Municipal Income Fund II in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 0 Reduced: 7 Increased: 5 New Position: 5.

PIMCO California Municipal Income Fund II is a diversified, closed-end management investment company. The company has market cap of $324.56 million. The Fund’s primary 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 (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.

About 806 shares traded. Pimco CA Muni. Income Fund II (NYSE:PCK) has declined 3.09% since June 19, 2016 and is downtrending. It has underperformed by 19.79% the S&P500.

Cambridge Investment Research Advisors Inc. holds 0.01% of its portfolio in Pimco CA Muni. Income Fund II for 42,942 shares. Guggenheim Capital Llc owns 538,533 shares or 0.01% of their US portfolio. Moreover, Hanson Mcclain Inc. has 0.01% invested in the company for 7,495 shares. The New Jersey-based Kcg Holdings Inc. has invested 0.01% in the stock. Laurion Capital Management Lp, a New York-based fund reported 61,932 shares.#img1#

More notable recent Pimco CA Muni. Income Fund II (NYSE:PCK) news were published by: Seekingalpha.com which released: “Distribution Coverage Sharply Down For Several PIMCO CEFs” on February 16, 2017, also Nasdaq.com with their article: “Pimco California Municipal Income Fund II (PCK) Ex-Dividend Date Scheduled for …” published on June 07, 2017, Seekingalpha.com published: “In Search Of Income: Municipal Bond CEFs (Part II)” on January 20, 2015. More interesting news about Pimco CA Muni. Income Fund II (NYSE:PCK) were released by: Seekingalpha.com and their article: “Expanding Arbitrage In Pimco Municipal Bond CEFs” published on May 10, 2017 as well as Seekingalpha.com‘s news article titled: “PIMCO Muni CEFs: One Of These Is Not Like The Others” with publication date: February 06, 2017.

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