Pimco California Municipal Income Fund II (NYSE:PCK): Institutional Investors Are Worried

September 16, 2018 - By Jack Shaw

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

Pimco California Municipal Income Fund II (NYSE:PCK) institutional sentiment decreased to 0.63 in Q2 2018. Its down -0.75, from 1.38 in 2018Q1. The ratio has dropped, as 10 investment professionals opened new and increased positions, while 16 sold and reduced positions in Pimco California Municipal Income Fund II. The investment professionals in our partner’s database now own: 1.35 million shares, down from 1.98 million shares in 2018Q1. Also, the number of investment professionals holding Pimco California Municipal Income Fund II in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 10 Increased: 3 New Position: 7.

The stock decreased 1.03% or $0.09 during the last trading session, reaching $8.62. About 89,221 shares traded or 17.63% up from the average. PIMCO California Municipal Income Fund II (NYSE:PCK) has declined 14.62% since September 16, 2017 and is downtrending. It has underperformed by 30.24% the S&P500.

Pure Financial Advisors Inc. holds 0.04% of its portfolio in PIMCO California Municipal Income Fund II for 19,387 shares. Thomas J. Herzfeld Advisors Inc. owns 13,230 shares or 0.04% of their US portfolio. Moreover, Laurion Capital Management Lp has 0.03% invested in the company for 466,474 shares. The Colorado-based Advisors Asset Management Inc. has invested 0.01% in the stock. Cambridge Investment Research Advisors Inc., a Iowa-based fund reported 61,284 shares.

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